<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000883622</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>

      <seriesClassInfo>
        <seriesId>S000024833</seriesId>
        <classId>C000122161</classId>
        <classId>C000073917</classId>
        <classId>C000073914</classId>
        <classId>C000146693</classId>
        <classId>C000073915</classId>
        <classId>C000073919</classId>
        <classId>C000073918</classId>
        <classId>C000073916</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>IVY FUNDS</regName>
      <regFileNumber>811-06569</regFileNumber>
      <regCik>0000883622</regCik>
      <regLei>UJ5MWG3K37CY01MVRY13</regLei>
      <regStreet1>6300 Lamar Avenue</regStreet1>
      <regStreet2>P.O. Box 29217</regStreet2>
      <regCity>Shawnee Mission</regCity>
      <regStateConditional regCountry="US" regState="US-KS"/>
      <regZipOrPostalCode>66201</regZipOrPostalCode>
      <regPhone>18007776472</regPhone>
      <seriesName>Ivy Securian Core Bond Fund</seriesName>
      <seriesId>S000024833</seriesId>
      <seriesLei>M1PELDZXWHGTDBU07228</seriesLei>
      <repPdEnd>2020-03-31</repPdEnd>
      <repPdDate>2019-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>1140476447.89</totAssets>
      <totLiabs>22738174.37</totLiabs>
      <netAssets>1117738273.52</netAssets>
      <assetsAttrMiscSec>0</assetsAttrMiscSec>
      <assetsInvested>0</assetsInvested>
      <amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0</amtPayAftOneYrOther>
      <delayDeliv>0</delayDeliv>
      <standByCommit>0</standByCommit>
      <liquidPref>0</liquidPref>
      <cshNotRptdInCorD>0</cshNotRptdInCorD>
      <curMetrics>
        <curMetric>
          <curCd>USD</curCd>
          <intrstRtRiskdv01 period10Yr="-232155.05127658" period1Yr="-57317.49501594" period30Yr="-159191.5850963" period3Mon="-10169.50919127" period5Yr="-176908.70151307"/>
          <intrstRtRiskdv100 period10Yr="-23912008.08572391" period1Yr="-5038240.92638585" period30Yr="-15039219.575929649" period3Mon="-297232.57825055" period5Yr="-16165073.40681373"/>
        </curMetric>
      </curMetrics>
      <creditSprdRiskInvstGrade period10Yr="-102263.43588031" period1Yr="-26616.96072406" period30Yr="-164844.52420277" period3Mon="-3537.07677632" period5Yr="-62033.9669676"/>
      <creditSprdRiskNonInvstGrade period10Yr="-161.51863448" period1Yr="-88.7767401" period30Yr="0" period3Mon="-1.81765342" period5Yr="-650.42550347"/>
      <borrowers>
        <borrower aggrVal="26762180.19" lei="AC28XWWI3WIBK2824319" name="Barclays Capital Inc."/>
        <borrower aggrVal="17033920.81" lei="O2RNE8IBXP4R0TD8PU41" name="Societe Generale"/>
        <borrower aggrVal="99120.42" lei="ZI8Q1A8EI8LQFJNM0D94" name="Pershing LLC"/>
        <borrower aggrVal="18025276.64" lei="8NAV47T0Y26Q87Y0QP81" name="BOFA SECURITIES INC"/>
      </borrowers>
      <aggregateCondition isNonCashCollateral="Y">
        <aggregateInfos>
          <aggregateInfo amt="463335.66000000" collatrl="433708.59000000">
            <invstCat>UST</invstCat>
          </aggregateInfo>
          <aggregateInfo amt="23627670.35000000" collatrl="17818282.28000000">
            <invstCat>ACMO</invstCat>
          </aggregateInfo>
        </aggregateInfos>
      </aggregateCondition>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000122161" rtn1="0.00095358" rtn2="-0.00003396" rtn3="-0.00197760"/>
          <monthlyTotReturn classId="C000073914" rtn1="-0.05607529" rtn2="-0.05706278" rtn3="-0.05898880"/>
          <monthlyTotReturn classId="C000073918" rtn1="0.00159894" rtn2="0.00059003" rtn3="-0.00131392"/>
          <monthlyTotReturn classId="C000073915" rtn1="-0.04959522" rtn2="-0.05050688" rtn3="-0.05199676"/>
          <monthlyTotReturn classId="C000073916" rtn1="-0.00939285" rtn2="-0.01035901" rtn3="-0.01224037"/>
          <monthlyTotReturn classId="C000146693" rtn1="0.00159894" rtn2="0.00058995" rtn3="-0.00131392"/>
          <monthlyTotReturn classId="C000073917" rtn1="-0.02355013" rtn2="-0.02454391" rtn3="-0.02647936"/>
          <monthlyTotReturn classId="C000073919" rtn1="0.00122158" rtn2="0.00024691" rtn3="-0.00166208"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <commodityContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </commodityContracts>
          <creditContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </creditContracts>
          <equityContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </equityContracts>
          <foreignExchgContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </foreignExchgContracts>
          <interestRtContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="-224179.68000000"/>
            <mon2 netRealizedGain="-2291363.41000000" netUnrealizedAppr="1442252.51000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="-1059484.38000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="-224179.68000000"/>
              <instrMon2 netRealizedGain="-2291363.41000000" netUnrealizedAppr="1442252.51000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="-1059484.38000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </interestRtContracts>
          <otherContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </otherContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="446971.22000000" netUnrealizedAppr="-740214.44000000"/>
        <othMon2 netRealizedGain="1728395.05000000" netUnrealizedAppr="-2935592.86000000"/>
        <othMon3 netRealizedGain="950880.23000000" netUnrealizedAppr="-3964784.79000000"/>
      </returnInfo>
      <mon1Flow redemption="25967120.17000000" reinvestment="2290612.80000000" sales="32533374.34000000"/>
      <mon2Flow redemption="19404479.33000000" reinvestment="2634508.48000000" sales="34306936.78000000"/>
      <mon3Flow redemption="19079668.49000000" reinvestment="8641853.08000000" sales="25653556.58000000"/>


    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Port Auth of NY &amp; NJ Consolidated Bonds 168th Ser</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Auth of NY &amp; NJ Consolidated Bonds 168th Ser</title>
        <cusip>73358WEK6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="73358WEK6"/>
          <other otherDesc="Primary Identifier" value="73358WEK6"/>
        </identifiers>
        <balance>2690000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3490786.10000000</valUSD>
        <pctVal>0.312308004718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04926000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tesoro Logistics L.P. and Tesoro Logistics Finance Corp.</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>Tesoro Logistics L.P. and Tesoro Logistics Finance Corp.</title>
        <cusip>55336VBA7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="55336VBA7"/>
          <other otherDesc="Primary Identifier" value="55336VBA7"/>
        </identifiers>
        <balance>2260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2363060.41000000</valUSD>
        <pctVal>0.211414466694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06375000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>31329JB89</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31329JB89"/>
          <other otherDesc="Primary Identifier" value="31329JB89"/>
        </identifiers>
        <balance>83450.70000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96596.55000000</valUSD>
        <pctVal>0.008642143897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bellemeade Re Ltd. Series 2018-1A Class M1B (1-Month U.S. LIBOR plus 160 bps)</name>
        <lei>549300O2GEH6GH9NO762</lei>
        <title>Bellemeade Re Ltd. Series 2018-1A Class M1B (1-Month U.S. LIBOR plus 160 bps)</title>
        <cusip>078768AD0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="078768AD0"/>
          <other otherDesc="Primary Identifier" value="078768AD0"/>
        </identifiers>
        <balance>3841652.06000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3846898.99000000</valUSD>
        <pctVal>0.344168136775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03392000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31391G3M6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31391G3M6"/>
          <other otherDesc="Primary Identifier" value="31391G3M6"/>
        </identifiers>
        <balance>113449.36000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130050.12000000</valUSD>
        <pctVal>0.011635113790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flagship Credit Auto Trust Series 2016-1 Class D</name>
        <lei>N/A</lei>
        <title>Flagship Credit Auto Trust Series 2016-1 Class D</title>
        <cusip>33843MAG8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="33843MAG8"/>
          <other otherDesc="Primary Identifier" value="33843MAG8"/>
        </identifiers>
        <balance>4200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4382741.16000000</valUSD>
        <pctVal>0.392107997357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.08590000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Airlines Inc. Pass-Through Certificates Series 2013-1 Class B</name>
        <lei>N/A</lei>
        <title>American Airlines Inc. Pass-Through Certificates Series 2013-1 Class B</title>
        <cusip>023766AD0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="023766AD0"/>
          <other otherDesc="Primary Identifier" value="023766AD0"/>
        </identifiers>
        <balance>3398771.94000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3461853.49000000</valUSD>
        <pctVal>0.309719508762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sequoia Mortgage Trust Series 2015-3 Class B1 (Mortgage spread to 7-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust Series 2015-3 Class B1 (Mortgage spread to 7-year U.S. Treasury index)</title>
        <cusip>81746LCB6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="81746LCB6"/>
          <other otherDesc="Primary Identifier" value="81746LCB6"/>
        </identifiers>
        <balance>3733118.24000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3815093.04000000</valUSD>
        <pctVal>0.341322573484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03706700</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31371K7L9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31371K7L9"/>
          <other otherDesc="Primary Identifier" value="31371K7L9"/>
        </identifiers>
        <balance>41663.54000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44454.87000000</valUSD>
        <pctVal>0.003977216406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westinghouse Air Brake Technologies Corp. (3-Month U.S. LIBOR plus 105 bps)</name>
        <lei>06BTX5UWZD0GQ5N5Y745</lei>
        <title>Westinghouse Air Brake Technologies Corp. (3-Month U.S. LIBOR plus 105 bps)</title>
        <cusip>960386AP5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="960386AP5"/>
          <other otherDesc="Primary Identifier" value="960386AP5"/>
        </identifiers>
        <balance>2700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2700408.89000000</valUSD>
        <pctVal>0.241595814867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03193600</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AT&amp;T Inc.</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc.</title>
        <cusip>00206RJL7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="00206RJL7"/>
          <other otherDesc="Primary Identifier" value="00206RJL7"/>
        </identifiers>
        <balance>8030000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9145427.47000000</valUSD>
        <pctVal>0.818208312863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04850000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31404RYN1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31404RYN1"/>
          <other otherDesc="Primary Identifier" value="31404RYN1"/>
        </identifiers>
        <balance>12030.39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13472.90000000</valUSD>
        <pctVal>0.001205371625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co. (3-Month U.S. LIBOR plus 347 bps)</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co. (3-Month U.S. LIBOR plus 347 bps)</title>
        <cusip>46625HHA1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46625HHA1"/>
          <other otherDesc="Primary Identifier" value="46625HHA1"/>
        </identifiers>
        <balance>4297000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4335673.00000000</valUSD>
        <pctVal>0.387896979347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-29</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05405500</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31407EA52</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31407EA52"/>
          <other otherDesc="Primary Identifier" value="31407EA52"/>
        </identifiers>
        <balance>1750.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1894.13000000</valUSD>
        <pctVal>0.000169460959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Credit Suisse Mortgage Capital Trust Series 2014-USA Class A-1</name>
        <lei>549300818AKCJ4Q9TD76</lei>
        <title>Credit Suisse Mortgage Capital Trust Series 2014-USA Class A-1</title>
        <cusip>12649AAA7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="12649AAA7"/>
          <other otherDesc="Primary Identifier" value="12649AAA7"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1525742.40000000</valUSD>
        <pctVal>0.136502653272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03303900</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31419GXR0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31419GXR0"/>
          <other otherDesc="Primary Identifier" value="31419GXR0"/>
        </identifiers>
        <balance>392841.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>420065.69000000</valUSD>
        <pctVal>0.037581757729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Synovus Financial Corp.</name>
        <lei>549300EIUS8UN5JTLE54</lei>
        <title>Synovus Financial Corp.</title>
        <cusip>87161CAL9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="87161CAL9"/>
          <other otherDesc="Primary Identifier" value="87161CAL9"/>
        </identifiers>
        <balance>5680000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5740776.00000000</valUSD>
        <pctVal>0.513606461906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03125000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31390TUC1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31390TUC1"/>
          <other otherDesc="Primary Identifier" value="31390TUC1"/>
        </identifiers>
        <balance>10444.96000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11784.63000000</valUSD>
        <pctVal>0.001054328216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EQT Midstream Partners L.P.</name>
        <lei>549300NELT611CL6XM83</lei>
        <title>EQT Midstream Partners L.P.</title>
        <cusip>26885BAE0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="26885BAE0"/>
          <other otherDesc="Primary Identifier" value="26885BAE0"/>
        </identifiers>
        <balance>2225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2081951.68000000</valUSD>
        <pctVal>0.186264685510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PPL Capital Funding Inc. (GTD by PPL Corp.) (3-Month LIBOR plus 266.5 bps)</name>
        <lei>549300MROK5WY0D2NU17</lei>
        <title>PPL Capital Funding Inc. (GTD by PPL Corp.) (3-Month LIBOR plus 266.5 bps)</title>
        <cusip>69352PAC7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="69352PAC7"/>
          <other otherDesc="Primary Identifier" value="69352PAC7"/>
        </identifiers>
        <balance>4972000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4747014.46000000</valUSD>
        <pctVal>0.424698211778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-03-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04625500</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31413BR45</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31413BR45"/>
          <other otherDesc="Primary Identifier" value="31413BR45"/>
        </identifiers>
        <balance>15455.75000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16270.59000000</valUSD>
        <pctVal>0.001455670829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>General Motors Financial Co. Inc. (GTD by AmeriCredit Financial Services Inc.) (3-Month U.S. LIBOR plus 85 bps)</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co. Inc. (GTD by AmeriCredit Financial Services Inc.) (3-Month U.S. LIBOR plus 85 bps)</title>
        <cusip>37045XCH7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="37045XCH7"/>
          <other otherDesc="Primary Identifier" value="37045XCH7"/>
        </identifiers>
        <balance>4100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4108060.60000000</valUSD>
        <pctVal>0.367533321290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02862000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Salomon Brothers Mortgage Securities VII Inc. Series 1997-HUD Class B-2 (Mortgage spread to 3-year U.S. Treasury index)</name>
        <lei>549300VB2N1G56GWKB41</lei>
        <title>Salomon Brothers Mortgage Securities VII Inc. Series 1997-HUD Class B-2 (Mortgage spread to 3-year U.S. Treasury index)</title>
        <cusip>79548KUU0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="79548KUU0"/>
          <other otherDesc="Primary Identifier" value="79548KUU0"/>
        </identifiers>
        <balance>742104.07000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>128416.81000000</valUSD>
        <pctVal>0.011488987452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04275500</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Airways Inc. Series 2013-1 Class B</name>
        <lei>N/A</lei>
        <title>U.S. Airways Inc. Series 2013-1 Class B</title>
        <cusip>90346WAB9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90346WAB9"/>
          <other otherDesc="Primary Identifier" value="90346WAB9"/>
        </identifiers>
        <balance>1325616.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1379029.34000000</valUSD>
        <pctVal>0.123376766517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05375000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Multifamily Connecticut Avenue Securities Trust Series 2019-01 Class M7 (1-Month U.S. LIBOR plus 170 bps)</name>
        <lei>N/A</lei>
        <title>Multifamily Connecticut Avenue Securities Trust Series 2019-01 Class M7 (1-Month U.S. LIBOR plus 170 bps)</title>
        <cusip>62547NAA7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="62547NAA7"/>
          <other otherDesc="Primary Identifier" value="62547NAA7"/>
        </identifiers>
        <balance>1248017.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1252743.78000000</valUSD>
        <pctVal>0.112078454292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03492000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WDBJ4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WDBJ4"/>
          <other otherDesc="Primary Identifier" value="3131WDBJ4"/>
        </identifiers>
        <balance>29274.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33562.98000000</valUSD>
        <pctVal>0.003002758409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CommonBond Student Loan Trust Series 2017-BGS Class C</name>
        <lei>549300KDXV3I7WKXA522</lei>
        <title>CommonBond Student Loan Trust Series 2017-BGS Class C</title>
        <cusip>20268KAD2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="20268KAD2"/>
          <other otherDesc="Primary Identifier" value="20268KAD2"/>
        </identifiers>
        <balance>306442.06000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>303550.50000000</valUSD>
        <pctVal>0.027157565164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04440000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sabine Pass Liquefaction LLC</name>
        <lei>549300KJYBG7C6WJYZ11</lei>
        <title>Sabine Pass Liquefaction LLC</title>
        <cusip>785592AM8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="785592AM8"/>
          <other otherDesc="Primary Identifier" value="785592AM8"/>
        </identifiers>
        <balance>2950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3319617.12000000</valUSD>
        <pctVal>0.296994135267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 280 bps)</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 280 bps)</title>
        <cusip>3137G0HJ1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3137G0HJ1"/>
          <other otherDesc="Primary Identifier" value="3137G0HJ1"/>
        </identifiers>
        <balance>3700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3987739.38000000</valUSD>
        <pctVal>0.356768616989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.06508000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WRR98</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WRR98"/>
          <other otherDesc="Primary Identifier" value="3131WRR98"/>
        </identifiers>
        <balance>213119.35000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>231384.13000000</valUSD>
        <pctVal>0.020701101096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31388KCX8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31388KCX8"/>
          <other otherDesc="Primary Identifier" value="31388KCX8"/>
        </identifiers>
        <balance>3688.70000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4130.98000000</valUSD>
        <pctVal>0.000369583837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131XHSL1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131XHSL1"/>
          <other otherDesc="Primary Identifier" value="3131XHSL1"/>
        </identifiers>
        <balance>2531513.63000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2714014.42000000</valUSD>
        <pctVal>0.242813052419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Towd Point Mortgage Trust Series 2015-2 Class 2-M2 (Mortgage spread to 7-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>Towd Point Mortgage Trust Series 2015-2 Class 2-M2 (Mortgage spread to 7-year U.S. Treasury index)</title>
        <cusip>89171YBG5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="89171YBG5"/>
          <other otherDesc="Primary Identifier" value="89171YBG5"/>
        </identifiers>
        <balance>7050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7423887.59000000</valUSD>
        <pctVal>0.664188367337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04491100</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>9128283V0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="9128283V0"/>
          <other otherDesc="Primary Identifier" value="9128283V0"/>
        </identifiers>
        <balance>4265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4427976.31000000</valUSD>
        <pctVal>0.396155022593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boardwalk Pipelines L.P. (GTD by Boardwalk Pipeline Partners L.P.)</name>
        <lei>549300W6AQ2GHHCGL606</lei>
        <title>Boardwalk Pipelines L.P. (GTD by Boardwalk Pipeline Partners L.P.)</title>
        <cusip>096630AG3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="096630AG3"/>
          <other otherDesc="Primary Identifier" value="096630AG3"/>
        </identifiers>
        <balance>6220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6644587.46000000</valUSD>
        <pctVal>0.594467203764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31418MUU4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31418MUU4"/>
          <other otherDesc="Primary Identifier" value="31418MUU4"/>
        </identifiers>
        <balance>123237.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>138373.86000000</valUSD>
        <pctVal>0.012379808697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reinsurance Group of America Inc.</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>Reinsurance Group of America Inc.</title>
        <cusip>759351AN9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="759351AN9"/>
          <other otherDesc="Primary Identifier" value="759351AN9"/>
        </identifiers>
        <balance>2725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2903671.66000000</valUSD>
        <pctVal>0.259780999612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>U.S. Bancorp</title>
        <cusip>91159HHW3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="91159HHW3"/>
          <other otherDesc="Primary Identifier" value="91159HHW3"/>
        </identifiers>
        <balance>2700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2786774.06000000</valUSD>
        <pctVal>0.249322594208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3140EX2E2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3140EX2E2"/>
          <other otherDesc="Primary Identifier" value="3140EX2E2"/>
        </identifiers>
        <balance>2757397.08000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2823901.55000000</valUSD>
        <pctVal>0.252644256432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unum Group</name>
        <lei>549300E32YFDO6TZ8R31</lei>
        <title>Unum Group</title>
        <cusip>91529YAJ5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="91529YAJ5"/>
          <other otherDesc="Primary Identifier" value="91529YAJ5"/>
        </identifiers>
        <balance>3750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4234524.83000000</valUSD>
        <pctVal>0.378847618473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CCG Receivables Trust Series 2017-1 Class B</name>
        <lei>N/A</lei>
        <title>CCG Receivables Trust Series 2017-1 Class B</title>
        <cusip>12508UAC9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="12508UAC9"/>
          <other otherDesc="Primary Identifier" value="12508UAC9"/>
        </identifiers>
        <balance>3250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3253518.78000000</valUSD>
        <pctVal>0.291080555893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828YT1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912828YT1"/>
          <other otherDesc="Primary Identifier" value="912828YT1"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4991872.90000000</valUSD>
        <pctVal>0.446604810648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31418MUN0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31418MUN0"/>
          <other otherDesc="Primary Identifier" value="31418MUN0"/>
        </identifiers>
        <balance>223433.48000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250787.31000000</valUSD>
        <pctVal>0.022437033421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31417ACY3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31417ACY3"/>
          <other otherDesc="Primary Identifier" value="31417ACY3"/>
        </identifiers>
        <balance>830333.81000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>889977.06000000</valUSD>
        <pctVal>0.079623028134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3620A93J8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3620A93J8"/>
          <other otherDesc="Primary Identifier" value="3620A93J8"/>
        </identifiers>
        <balance>555637.83000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>613274.82000000</valUSD>
        <pctVal>0.054867479671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Teachers Insurance &amp; Annuity Association of America</name>
        <lei>O06XD7BJ4EPXNABVFN69</lei>
        <title>Teachers Insurance &amp; Annuity Association of America</title>
        <cusip>878091BF3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="878091BF3"/>
          <other otherDesc="Primary Identifier" value="878091BF3"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5669437.65000000</valUSD>
        <pctVal>0.507224077792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04270000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31416YPT9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31416YPT9"/>
          <other otherDesc="Primary Identifier" value="31416YPT9"/>
        </identifiers>
        <balance>271747.86000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>281544.07000000</valUSD>
        <pctVal>0.025188729478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dell International LLC and EMC Corp.</name>
        <lei>N/A</lei>
        <title>Dell International LLC and EMC Corp.</title>
        <cusip>24703DBA8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="24703DBA8"/>
          <other otherDesc="Primary Identifier" value="24703DBA8"/>
        </identifiers>
        <balance>2950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3321901.19000000</valUSD>
        <pctVal>0.297198482748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Centene Escrow Corp.</name>
        <lei>549300Z7JJ4TQSQGT333</lei>
        <title>Centene Escrow Corp.</title>
        <cusip>15135BAQ4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="15135BAQ4"/>
          <other otherDesc="Primary Identifier" value="15135BAQ4"/>
        </identifiers>
        <balance>3700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3806375.00000000</valUSD>
        <pctVal>0.340542601982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31416X6N5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31416X6N5"/>
          <other otherDesc="Primary Identifier" value="31416X6N5"/>
        </identifiers>
        <balance>1120151.03600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1180410.17000000</valUSD>
        <pctVal>0.105607027867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31418ANG9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31418ANG9"/>
          <other otherDesc="Primary Identifier" value="31418ANG9"/>
        </identifiers>
        <balance>1065786.97000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1114077.01000000</valUSD>
        <pctVal>0.099672439997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Indianapolis Power &amp; Light Co.</name>
        <lei>2T85JNP2R2B2GTSFND21</lei>
        <title>Indianapolis Power &amp; Light Co.</title>
        <cusip>455434BS8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="455434BS8"/>
          <other otherDesc="Primary Identifier" value="455434BS8"/>
        </identifiers>
        <balance>3150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3632896.73000000</valUSD>
        <pctVal>0.325022128709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bio-Rad Laboratories Inc.</name>
        <lei>549300ZC1GPV35XYDK53</lei>
        <title>Bio-Rad Laboratories Inc.</title>
        <cusip>090572AP3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="090572AP3"/>
          <other otherDesc="Primary Identifier" value="090572AP3"/>
        </identifiers>
        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1793210.90000000</valUSD>
        <pctVal>0.160432092421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04875000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Republic Auto Receivables Trust Series 2016-1 Class B</name>
        <lei>N/A</lei>
        <title>California Republic Auto Receivables Trust Series 2016-1 Class B</title>
        <cusip>13057BAE0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="13057BAE0"/>
          <other otherDesc="Primary Identifier" value="13057BAE0"/>
        </identifiers>
        <balance>4975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5007404.66000000</valUSD>
        <pctVal>0.447994381030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03430000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cleco Corporate Holdings LLC</name>
        <lei>5493002H80P81B3HXL31</lei>
        <title>Cleco Corporate Holdings LLC</title>
        <cusip>18551PAC3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="18551PAC3"/>
          <other otherDesc="Primary Identifier" value="18551PAC3"/>
        </identifiers>
        <balance>2200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2271244.45000000</valUSD>
        <pctVal>0.203200024890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03743000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CarMax Auto Owner Trust Series 2018-1 Class C</name>
        <lei>N/A</lei>
        <title>CarMax Auto Owner Trust Series 2018-1 Class C</title>
        <cusip>14314AAF6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="14314AAF6"/>
          <other otherDesc="Primary Identifier" value="14314AAF6"/>
        </identifiers>
        <balance>3700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3736151.96000000</valUSD>
        <pctVal>0.334260000620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02950000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131X8YD2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131X8YD2"/>
          <other otherDesc="Primary Identifier" value="3131X8YD2"/>
        </identifiers>
        <balance>330053.53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>335341.52000000</valUSD>
        <pctVal>0.030001792722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Airways Group Inc. Class A</name>
        <lei>N/A</lei>
        <title>U.S. Airways Group Inc. Class A</title>
        <cusip>90345KAA8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90345KAA8"/>
          <other otherDesc="Primary Identifier" value="90345KAA8"/>
        </identifiers>
        <balance>2019331.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2189266.15000000</valUSD>
        <pctVal>0.195865722939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WE2S2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WE2S2"/>
          <other otherDesc="Primary Identifier" value="3131WE2S2"/>
        </identifiers>
        <balance>106572.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>119439.45000000</valUSD>
        <pctVal>0.010685815528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 380 bps)</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 380 bps)</title>
        <cusip>3137G0LJ6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3137G0LJ6"/>
          <other otherDesc="Primary Identifier" value="3137G0LJ6"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4253866.80000000</valUSD>
        <pctVal>0.380578074561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05508000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31371LJU4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31371LJU4"/>
          <other otherDesc="Primary Identifier" value="31371LJU4"/>
        </identifiers>
        <balance>19477.97000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20933.36000000</valUSD>
        <pctVal>0.001872831994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (Mortgage spread to 30-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (Mortgage spread to 30-year U.S. Treasury index)</title>
        <cusip>35563PBH1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="35563PBH1"/>
          <other otherDesc="Primary Identifier" value="35563PBH1"/>
        </identifiers>
        <balance>1466000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1481227.78000000</valUSD>
        <pctVal>0.132520091249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delta Air Lines Inc. Pass-Through Certificates Series 2012-1A</name>
        <lei>N/A</lei>
        <title>Delta Air Lines Inc. Pass-Through Certificates Series 2012-1A</title>
        <cusip>247358AA2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="247358AA2"/>
          <other otherDesc="Primary Identifier" value="247358AA2"/>
        </identifiers>
        <balance>670700.13000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>676245.28000000</valUSD>
        <pctVal>0.060501218936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31412QFR5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31412QFR5"/>
          <other otherDesc="Primary Identifier" value="31412QFR5"/>
        </identifiers>
        <balance>114586.77000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122608.79000000</valUSD>
        <pctVal>0.010969364913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31391NDU2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31391NDU2"/>
          <other otherDesc="Primary Identifier" value="31391NDU2"/>
        </identifiers>
        <balance>40012.24000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45192.20000000</valUSD>
        <pctVal>0.004043182654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3140FTW31</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3140FTW31"/>
          <other otherDesc="Primary Identifier" value="3140FTW31"/>
        </identifiers>
        <balance>662697.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>698048.16000000</valUSD>
        <pctVal>0.062451843739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 455 bps)</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 455 bps)</title>
        <cusip>3137G0CU1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3137G0CU1"/>
          <other otherDesc="Primary Identifier" value="3137G0CU1"/>
        </identifiers>
        <balance>2028650.99000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2175468.32000000</valUSD>
        <pctVal>0.194631281001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.06258000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Airlines Inc. Pass-Through Certificates Series 2017-1 Class B</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
        <title>American Airlines Inc. Pass-Through Certificates Series 2017-1 Class B</title>
        <cusip>02378WAA7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="02378WAA7"/>
          <other otherDesc="Primary Identifier" value="02378WAA7"/>
        </identifiers>
        <balance>910559.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>960905.08000000</valUSD>
        <pctVal>0.085968701507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04950000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131XGLC0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131XGLC0"/>
          <other otherDesc="Primary Identifier" value="3131XGLC0"/>
        </identifiers>
        <balance>343647.15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>376596.50000000</valUSD>
        <pctVal>0.033692726546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WQLY1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WQLY1"/>
          <other otherDesc="Primary Identifier" value="3131WQLY1"/>
        </identifiers>
        <balance>138113.35000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>152366.29000000</valUSD>
        <pctVal>0.013631660793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delta Air Lines Inc.</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>Delta Air Lines Inc.</title>
        <cusip>247367BJ3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="247367BJ3"/>
          <other otherDesc="Primary Identifier" value="247367BJ3"/>
        </identifiers>
        <balance>1578348.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1725995.27000000</valUSD>
        <pctVal>0.154418553152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.08021000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31389K5Q0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31389K5Q0"/>
          <other otherDesc="Primary Identifier" value="31389K5Q0"/>
        </identifiers>
        <balance>34176.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39830.70000000</valUSD>
        <pctVal>0.003563508644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lear Corp.</name>
        <lei>549300UPNBTXA1SYTQ33</lei>
        <title>Lear Corp.</title>
        <cusip>521865AX3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="521865AX3"/>
          <other otherDesc="Primary Identifier" value="521865AX3"/>
        </identifiers>
        <balance>2245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2307882.72000000</valUSD>
        <pctVal>0.206477918370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Mortgage Trust Series 2013-2 Class B4 (Mortgage spread to 5-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>JPMorgan Mortgage Trust Series 2013-2 Class B4 (Mortgage spread to 5-year U.S. Treasury index)</title>
        <cusip>46640BAM6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46640BAM6"/>
          <other otherDesc="Primary Identifier" value="46640BAM6"/>
        </identifiers>
        <balance>1535799.56000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1552606.74000000</valUSD>
        <pctVal>0.138906108592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03637000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31416YYN2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31416YYN2"/>
          <other otherDesc="Primary Identifier" value="31416YYN2"/>
        </identifiers>
        <balance>504396.23000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>541015.71000000</valUSD>
        <pctVal>0.048402718491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31407N6X6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31407N6X6"/>
          <other otherDesc="Primary Identifier" value="31407N6X6"/>
        </identifiers>
        <balance>174105.35000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196082.15000000</valUSD>
        <pctVal>0.017542760648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31402Q5T4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31402Q5T4"/>
          <other otherDesc="Primary Identifier" value="31402Q5T4"/>
        </identifiers>
        <balance>34288.34000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38586.81000000</valUSD>
        <pctVal>0.003452222305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31418RHJ3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31418RHJ3"/>
          <other otherDesc="Primary Identifier" value="31418RHJ3"/>
        </identifiers>
        <balance>70278.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73869.84000000</valUSD>
        <pctVal>0.006608867366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31391EEQ0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31391EEQ0"/>
          <other otherDesc="Primary Identifier" value="31391EEQ0"/>
        </identifiers>
        <balance>126691.03000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145211.35000000</valUSD>
        <pctVal>0.012991534193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36290QJN6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36290QJN6"/>
          <other otherDesc="Primary Identifier" value="36290QJN6"/>
        </identifiers>
        <balance>83359.99000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92342.58000000</valUSD>
        <pctVal>0.008261556590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31410GUW1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31410GUW1"/>
          <other otherDesc="Primary Identifier" value="31410GUW1"/>
        </identifiers>
        <balance>4724.30000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5292.67000000</valUSD>
        <pctVal>0.000473516039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Fixed Rate Participation Certificates</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Fixed Rate Participation Certificates</title>
        <cusip>3137G1BC0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3137G1BC0"/>
          <other otherDesc="Primary Identifier" value="3137G1BC0"/>
        </identifiers>
        <balance>1164109.32000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1175631.67000000</valUSD>
        <pctVal>0.105179512758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 440 bps)</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 440 bps)</title>
        <cusip>30711XAD6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="30711XAD6"/>
          <other otherDesc="Primary Identifier" value="30711XAD6"/>
        </identifiers>
        <balance>3801649.10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4131541.76000000</valUSD>
        <pctVal>0.369634095734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.06192000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31401HZG0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31401HZG0"/>
          <other otherDesc="Primary Identifier" value="31401HZG0"/>
        </identifiers>
        <balance>31587.94000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34811.82000000</valUSD>
        <pctVal>0.003114487606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WMQN9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WMQN9"/>
          <other otherDesc="Primary Identifier" value="3131WMQN9"/>
        </identifiers>
        <balance>173259.29000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194339.23000000</valUSD>
        <pctVal>0.017386827900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WN6F6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WN6F6"/>
          <other otherDesc="Primary Identifier" value="3131WN6F6"/>
        </identifiers>
        <balance>154609.96000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170186.48000000</valUSD>
        <pctVal>0.015225968729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31389GSV3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31389GSV3"/>
          <other otherDesc="Primary Identifier" value="31389GSV3"/>
        </identifiers>
        <balance>10013.57000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11262.43000000</valUSD>
        <pctVal>0.001007608871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>El Paso Natural Gas Co. LLC</name>
        <lei>N/A</lei>
        <title>El Paso Natural Gas Co. LLC</title>
        <cusip>283695BK9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="283695BK9"/>
          <other otherDesc="Primary Identifier" value="283695BK9"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2787548.56000000</valUSD>
        <pctVal>0.249391885921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.08375000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Volvo Financial Equipment Trust Series 2018-1 Class C</name>
        <lei>N/A</lei>
        <title>Volvo Financial Equipment Trust Series 2018-1 Class C</title>
        <cusip>92888CAF4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="92888CAF4"/>
          <other otherDesc="Primary Identifier" value="92888CAF4"/>
        </identifiers>
        <balance>2600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2617541.94000000</valUSD>
        <pctVal>0.234182008616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03060000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31371LZR3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31371LZR3"/>
          <other otherDesc="Primary Identifier" value="31371LZR3"/>
        </identifiers>
        <balance>4126.89000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4768.90000000</valUSD>
        <pctVal>0.000426656231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3132A3TF7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3132A3TF7"/>
          <other otherDesc="Primary Identifier" value="3132A3TF7"/>
        </identifiers>
        <balance>343500.97000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>370139.64000000</valUSD>
        <pctVal>0.033115054639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131X62Y5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131X62Y5"/>
          <other otherDesc="Primary Identifier" value="3131X62Y5"/>
        </identifiers>
        <balance>268858.46000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>279008.22000000</valUSD>
        <pctVal>0.024961856152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131XJHQ8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131XJHQ8"/>
          <other otherDesc="Primary Identifier" value="3131XJHQ8"/>
        </identifiers>
        <balance>1251120.22000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1323024.81000000</valUSD>
        <pctVal>0.118366243810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westlake Automobile Receivables Trust Series 2017-2 Class E</name>
        <lei>N/A</lei>
        <title>Westlake Automobile Receivables Trust Series 2017-2 Class E</title>
        <cusip>96042MAN9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="96042MAN9"/>
          <other otherDesc="Primary Identifier" value="96042MAN9"/>
        </identifiers>
        <balance>2150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2191898.34000000</valUSD>
        <pctVal>0.196101215456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04630000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Truist Financial Corp.</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp.</title>
        <cusip>89832QAD1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="89832QAD1"/>
          <other otherDesc="Primary Identifier" value="89832QAD1"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5162500.00000000</valUSD>
        <pctVal>0.461870200055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2168-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138EBXM2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138EBXM2"/>
          <other otherDesc="Primary Identifier" value="3138EBXM2"/>
        </identifiers>
        <balance>3993964.03000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4207861.29000000</valUSD>
        <pctVal>0.376462128003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charles Schwab Corp. (The)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp. (The)</title>
        <cusip>808513AP0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="808513AP0"/>
          <other otherDesc="Primary Identifier" value="808513AP0"/>
        </identifiers>
        <balance>4200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4336500.00000000</valUSD>
        <pctVal>0.387970968046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31405JKZ6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31405JKZ6"/>
          <other otherDesc="Primary Identifier" value="31405JKZ6"/>
        </identifiers>
        <balance>83404.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92967.15000000</valUSD>
        <pctVal>0.008317434609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Muni Elec Auth of GA Plant Vogtle Units 3 &amp; 4 Proj M Bonds Ser 2010A</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>Muni Elec Auth of GA Plant Vogtle Units 3 &amp; 4 Proj M Bonds Ser 2010A</title>
        <cusip>626207YM0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="626207YM0"/>
          <other otherDesc="Primary Identifier" value="626207YM0"/>
        </identifiers>
        <balance>2995000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4131033.45000000</valUSD>
        <pctVal>0.369588619077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06655000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tennessee Gas Pipeline Co.</name>
        <lei>N/A</lei>
        <title>Tennessee Gas Pipeline Co.</title>
        <cusip>880451AW9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="880451AW9"/>
          <other otherDesc="Primary Identifier" value="880451AW9"/>
        </identifiers>
        <balance>3200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4456621.86000000</valUSD>
        <pctVal>0.398717836328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.08375000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="44956127.04" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="99120.42"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Mortgage Trust Series 2017-4 Class A-13 (Mortgage spread to 10-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>JPMorgan Mortgage Trust Series 2017-4 Class A-13 (Mortgage spread to 10-year U.S. Treasury index)</title>
        <cusip>46648UAN4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46648UAN4"/>
          <other otherDesc="Primary Identifier" value="46648UAN4"/>
        </identifiers>
        <balance>6727428.26000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6879466.12000000</valUSD>
        <pctVal>0.615480947819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westlake Automobile Receivables Trust Series 2017-1 Class E</name>
        <lei>N/A</lei>
        <title>Westlake Automobile Receivables Trust Series 2017-1 Class E</title>
        <cusip>96042EAG2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="96042EAG2"/>
          <other otherDesc="Primary Identifier" value="96042EAG2"/>
        </identifiers>
        <balance>1775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1801880.25000000</valUSD>
        <pctVal>0.161207707804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05050000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31418NZ45</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31418NZ45"/>
          <other otherDesc="Primary Identifier" value="31418NZ45"/>
        </identifiers>
        <balance>494402.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>545569.00000000</valUSD>
        <pctVal>0.048810084876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp.</title>
        <cusip>06051GHQ5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="06051GHQ5"/>
          <other otherDesc="Primary Identifier" value="06051GHQ5"/>
        </identifiers>
        <balance>9400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10326260.58000000</valUSD>
        <pctVal>0.923853179642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03974000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xcel Energy Inc.</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy Inc.</title>
        <cusip>98389BAX8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="98389BAX8"/>
          <other otherDesc="Primary Identifier" value="98389BAX8"/>
        </identifiers>
        <balance>6850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6940403.22000000</valUSD>
        <pctVal>0.620932769721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31412LA42</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31412LA42"/>
          <other otherDesc="Primary Identifier" value="31412LA42"/>
        </identifiers>
        <balance>24157.04000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27655.87000000</valUSD>
        <pctVal>0.002474270645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31405UU98</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31405UU98"/>
          <other otherDesc="Primary Identifier" value="31405UU98"/>
        </identifiers>
        <balance>46328.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52068.10000000</valUSD>
        <pctVal>0.004658344554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31400URF3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31400URF3"/>
          <other otherDesc="Primary Identifier" value="31400URF3"/>
        </identifiers>
        <balance>5022.57000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5536.11000000</valUSD>
        <pctVal>0.000495295735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dell International LLC and EMC Corp.</name>
        <lei>N/A</lei>
        <title>Dell International LLC and EMC Corp.</title>
        <cusip>24703DAZ4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="24703DAZ4"/>
          <other otherDesc="Primary Identifier" value="24703DAZ4"/>
        </identifiers>
        <balance>5100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5610205.68000000</valUSD>
        <pctVal>0.501924807704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31406FWK3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31406FWK3"/>
          <other otherDesc="Primary Identifier" value="31406FWK3"/>
        </identifiers>
        <balance>21296.75000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22887.99000000</valUSD>
        <pctVal>0.002047705669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MidAmerican Energy Co.</name>
        <lei>NINLOILYRTLIMK26MZ18</lei>
        <title>MidAmerican Energy Co.</title>
        <cusip>595620AU9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="595620AU9"/>
          <other otherDesc="Primary Identifier" value="595620AU9"/>
        </identifiers>
        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4187829.28000000</valUSD>
        <pctVal>0.374669936532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS Commercial Mortgage Trust Series 2017-C1 Class AS</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust Series 2017-C1 Class AS</title>
        <cusip>90276EAH0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90276EAH0"/>
          <other otherDesc="Primary Identifier" value="90276EAH0"/>
        </identifiers>
        <balance>8000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8381005.60000000</valUSD>
        <pctVal>0.749818253391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03724000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boston Scientific Corp.</name>
        <lei>Y6ZDD9FP4P8JSSJMW954</lei>
        <title>Boston Scientific Corp.</title>
        <cusip>101137AU1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="101137AU1"/>
          <other otherDesc="Primary Identifier" value="101137AU1"/>
        </identifiers>
        <balance>6275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7611955.64000000</valUSD>
        <pctVal>0.681014135449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31387DNE5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31387DNE5"/>
          <other otherDesc="Primary Identifier" value="31387DNE5"/>
        </identifiers>
        <balance>11858.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13267.82000000</valUSD>
        <pctVal>0.001187023860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138XSFY8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138XSFY8"/>
          <other otherDesc="Primary Identifier" value="3138XSFY8"/>
        </identifiers>
        <balance>1906561.23000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2024034.86000000</valUSD>
        <pctVal>0.181083077134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3140E4Q42</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3140E4Q42"/>
          <other otherDesc="Primary Identifier" value="3140E4Q42"/>
        </identifiers>
        <balance>1260499.57000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1316636.69000000</valUSD>
        <pctVal>0.117794721822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36176MPE7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36176MPE7"/>
          <other otherDesc="Primary Identifier" value="36176MPE7"/>
        </identifiers>
        <balance>696208.96000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>726576.24000000</valUSD>
        <pctVal>0.065004147859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Earnest Student Loan Program LLC Series 2016-B Class A2</name>
        <lei>N/A</lei>
        <title>Earnest Student Loan Program LLC Series 2016-B Class A2</title>
        <cusip>27034JAB7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="27034JAB7"/>
          <other otherDesc="Primary Identifier" value="27034JAB7"/>
        </identifiers>
        <balance>844997.48000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>844087.76000000</valUSD>
        <pctVal>0.075517478464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03020000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust Series 2018-RP1 (3-year U.S. Treasury index plus 60 bps)</name>
        <lei>N/A</lei>
        <title>Citigroup Mortgage Loan Trust Series 2018-RP1 (3-year U.S. Treasury index plus 60 bps)</title>
        <cusip>17321LAH2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="17321LAH2"/>
          <other otherDesc="Primary Identifier" value="17321LAH2"/>
        </identifiers>
        <balance>4010470.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3976921.31000000</valUSD>
        <pctVal>0.355800763400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03537400</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Airlines Pass-Through Certificates Series 2019-2 Class B</name>
        <lei>N/A</lei>
        <title>United Airlines Pass-Through Certificates Series 2019-2 Class B</title>
        <cusip>90932KAA7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90932KAA7"/>
          <other otherDesc="Primary Identifier" value="90932KAA7"/>
        </identifiers>
        <balance>3215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3245794.88000000</valUSD>
        <pctVal>0.290389526501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC Holdings plc</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings plc</title>
        <cusip>404280BJ7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="404280BJ7"/>
          <other otherDesc="Primary Identifier" value="404280BJ7"/>
        </identifiers>
        <balance>3600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3680740.51000000</valUSD>
        <pctVal>0.329302538635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03262000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WXD41</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WXD41"/>
          <other otherDesc="Primary Identifier" value="3131WXD41"/>
        </identifiers>
        <balance>23338.37000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26960.05000000</valUSD>
        <pctVal>0.002412018147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3617AAXZ2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3617AAXZ2"/>
          <other otherDesc="Primary Identifier" value="3617AAXZ2"/>
        </identifiers>
        <balance>508432.11000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>525388.00000000</valUSD>
        <pctVal>0.047004563809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31390YGB8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31390YGB8"/>
          <other otherDesc="Primary Identifier" value="31390YGB8"/>
        </identifiers>
        <balance>3732.95000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4300.54000000</valUSD>
        <pctVal>0.000384753756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prudential Home Mortgage Securities Series 1994A Class 5B (Mortgage spread to 2-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>Prudential Home Mortgage Securities Series 1994A Class 5B (Mortgage spread to 2-year U.S. Treasury index)</title>
        <cusip>74434UCQ5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="74434UCQ5"/>
          <other otherDesc="Primary Identifier" value="74434UCQ5"/>
        </identifiers>
        <balance>157.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>156.96000000</valUSD>
        <pctVal>0.000014042643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.06729800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IPALCO Enterprises Inc.</name>
        <lei>5493000YFVK2DZX0JV43</lei>
        <title>IPALCO Enterprises Inc.</title>
        <cusip>462613AK6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="462613AK6"/>
          <other otherDesc="Primary Identifier" value="462613AK6"/>
        </identifiers>
        <balance>2300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2309915.02000000</valUSD>
        <pctVal>0.206659740900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03450000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 365 bps)</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 365 bps)</title>
        <cusip>30711XGP3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="30711XGP3"/>
          <other otherDesc="Primary Identifier" value="30711XGP3"/>
        </identifiers>
        <balance>2350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2475236.20000000</valUSD>
        <pctVal>0.221450428838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05442000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Home Partners of America Trust Series 2018-1 Class A (1-Month U.S. LIBOR plus 90 bps)</name>
        <lei>N/A</lei>
        <title>Home Partners of America Trust Series 2018-1 Class A (1-Month U.S. LIBOR plus 90 bps)</title>
        <cusip>43730WAA4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="43730WAA4"/>
          <other otherDesc="Primary Identifier" value="43730WAA4"/>
        </identifiers>
        <balance>5781652.98000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5780734.85000000</valUSD>
        <pctVal>0.517181435667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02637400</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828K58</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912828K58"/>
          <other otherDesc="Primary Identifier" value="912828K58"/>
        </identifiers>
        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19981209.00000000</valUSD>
        <pctVal>1.787646488750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01375000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="44956127.04" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="18025276.64"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comerica Inc.</name>
        <lei>70WY0ID1N53Q4254VH70</lei>
        <title>Comerica Inc.</title>
        <cusip>200339DX4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="200339DX4"/>
          <other otherDesc="Primary Identifier" value="200339DX4"/>
        </identifiers>
        <balance>2150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2303115.75000000</valUSD>
        <pctVal>0.206051434809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36296UQW3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36296UQW3"/>
          <other otherDesc="Primary Identifier" value="36296UQW3"/>
        </identifiers>
        <balance>17323.99000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18651.15000000</valUSD>
        <pctVal>0.001668650921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31406PHS1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31406PHS1"/>
          <other otherDesc="Primary Identifier" value="31406PHS1"/>
        </identifiers>
        <balance>11157.24000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12236.09000000</valUSD>
        <pctVal>0.001094718709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36193PDW2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36193PDW2"/>
          <other otherDesc="Primary Identifier" value="36193PDW2"/>
        </identifiers>
        <balance>605236.13000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>626715.91000000</valUSD>
        <pctVal>0.056070005371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36179Q3J8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36179Q3J8"/>
          <other otherDesc="Primary Identifier" value="36179Q3J8"/>
        </identifiers>
        <balance>1599061.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1667256.98000000</valUSD>
        <pctVal>0.149163450827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVS Caremark Corp. Pass-Through Trust</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Caremark Corp. Pass-Through Trust</title>
        <cusip>126650BP4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="126650BP4"/>
          <other otherDesc="Primary Identifier" value="126650BP4"/>
        </identifiers>
        <balance>7894067.31000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8810950.68000000</valUSD>
        <pctVal>0.788283884406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06036000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36290V2G8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36290V2G8"/>
          <other otherDesc="Primary Identifier" value="36290V2G8"/>
        </identifiers>
        <balance>33945.81000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38086.83000000</valUSD>
        <pctVal>0.003407490903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138AA3C3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138AA3C3"/>
          <other otherDesc="Primary Identifier" value="3138AA3C3"/>
        </identifiers>
        <balance>664944.73000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>741092.84000000</valUSD>
        <pctVal>0.066302895548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Compass Bank</name>
        <lei>C90VT034M03BN29IRA40</lei>
        <title>Compass Bank</title>
        <cusip>20453KAA3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="20453KAA3"/>
          <other otherDesc="Primary Identifier" value="20453KAA3"/>
        </identifiers>
        <balance>6750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7084489.37000000</valUSD>
        <pctVal>0.633823636341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03875000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regions Financial Corp.</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>Regions Financial Corp.</title>
        <cusip>7591EPAP5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="7591EPAP5"/>
          <other otherDesc="Primary Identifier" value="7591EPAP5"/>
        </identifiers>
        <balance>2275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2406798.94000000</valUSD>
        <pctVal>0.215327594752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31403MUP2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31403MUP2"/>
          <other otherDesc="Primary Identifier" value="31403MUP2"/>
        </identifiers>
        <balance>51208.72000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58652.32000000</valUSD>
        <pctVal>0.005247410900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dreyfus Institutional Preferred Government Money Market Fund - Institutional Shares</name>
        <lei>N/A</lei>
        <title>Dreyfus Institutional Preferred Government Money Market Fund - Institutional Shares</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="26200X100"/>
          <other otherDesc="Primary Identifier" value="26200X100"/>
        </identifiers>
        <balance>44956127.04000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44956127.04000000</valUSD>
        <pctVal>4.022062060953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138W0VH9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138W0VH9"/>
          <other otherDesc="Primary Identifier" value="3138W0VH9"/>
        </identifiers>
        <balance>927923.32000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>994139.88000000</valUSD>
        <pctVal>0.088942098839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAMLL Commercial Mortgage Securities Trust 2014-520M Class A (Mortgage spread to 10-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>BAMLL Commercial Mortgage Securities Trust 2014-520M Class A (Mortgage spread to 10-year U.S. Treasury index)</title>
        <cusip>05525MAA4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="05525MAA4"/>
          <other otherDesc="Primary Identifier" value="05525MAA4"/>
        </identifiers>
        <balance>4130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4637036.38000000</valUSD>
        <pctVal>0.414858870797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04184900</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delta Air Lines Inc. Pass-Through Certificates Series 2015-1 Class B</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>Delta Air Lines Inc. Pass-Through Certificates Series 2015-1 Class B</title>
        <cusip>24737AAA5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="24737AAA5"/>
          <other otherDesc="Primary Identifier" value="24737AAA5"/>
        </identifiers>
        <balance>1776919.36000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1850243.05000000</valUSD>
        <pctVal>0.165534552572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31403DWK1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31403DWK1"/>
          <other otherDesc="Primary Identifier" value="31403DWK1"/>
        </identifiers>
        <balance>29862.86000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34257.58000000</valUSD>
        <pctVal>0.003064901758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Airlines Pass-Through Certificates Series 2016-1 Class B</name>
        <lei>N/A</lei>
        <title>United Airlines Pass-Through Certificates Series 2016-1 Class B</title>
        <cusip>90933HAA3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90933HAA3"/>
          <other otherDesc="Primary Identifier" value="90933HAA3"/>
        </identifiers>
        <balance>3921874.99000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3982152.25000000</valUSD>
        <pctVal>0.356268756679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-07</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03650000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Continental Airlines Inc. Pass-Through Certificates Series 2000-1 Class A-1</name>
        <lei>K1OQBWM7XEOO08LDNP29</lei>
        <title>Continental Airlines Inc. Pass-Through Certificates Series 2000-1 Class A-1</title>
        <cusip>210805CY1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="210805CY1"/>
          <other otherDesc="Primary Identifier" value="210805CY1"/>
        </identifiers>
        <balance>186647.05000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>190198.64000000</valUSD>
        <pctVal>0.017016384291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.08048000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunoco Logistics Partners Operations L.P. (GTD by Sunoco Logistics Partners L.P.)</name>
        <lei>5493006LL0CKP8WQW329</lei>
        <title>Sunoco Logistics Partners Operations L.P. (GTD by Sunoco Logistics Partners L.P.)</title>
        <cusip>86765BAH2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="86765BAH2"/>
          <other otherDesc="Primary Identifier" value="86765BAH2"/>
        </identifiers>
        <balance>1265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1514709.98000000</valUSD>
        <pctVal>0.135515622564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06850000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31413LTE9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31413LTE9"/>
          <other otherDesc="Primary Identifier" value="31413LTE9"/>
        </identifiers>
        <balance>38981.74000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44593.15000000</valUSD>
        <pctVal>0.003989587818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pine Street Trust I</name>
        <lei>N/A</lei>
        <title>Pine Street Trust I</title>
        <cusip>722844AA5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="722844AA5"/>
          <other otherDesc="Primary Identifier" value="722844AA5"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3227047.71000000</valUSD>
        <pctVal>0.288712285017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04572000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31406BZG8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31406BZG8"/>
          <other otherDesc="Primary Identifier" value="31406BZG8"/>
        </identifiers>
        <balance>69739.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77380.04000000</valUSD>
        <pctVal>0.006922912262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31407XA68</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31407XA68"/>
          <other otherDesc="Primary Identifier" value="31407XA68"/>
        </identifiers>
        <balance>137488.88000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149129.26000000</valUSD>
        <pctVal>0.013342055428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ashtead Capital Inc.</name>
        <lei>213800J1134IW58IC398</lei>
        <title>Ashtead Capital Inc.</title>
        <cusip>045054AJ2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="045054AJ2"/>
          <other otherDesc="Primary Identifier" value="045054AJ2"/>
        </identifiers>
        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1818000.00000000</valUSD>
        <pctVal>0.162649883525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131XGLD8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131XGLD8"/>
          <other otherDesc="Primary Identifier" value="3131XGLD8"/>
        </identifiers>
        <balance>266771.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>292805.11000000</valUSD>
        <pctVal>0.026196213991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61761J3R8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="61761J3R8"/>
          <other otherDesc="Primary Identifier" value="61761J3R8"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1444032.37000000</valUSD>
        <pctVal>0.129192352468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03125000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Port Auth of NY &amp; NJ Consolidated Bonds Ser 174</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Auth of NY &amp; NJ Consolidated Bonds Ser 174</title>
        <cusip>73358WJA3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="73358WJA3"/>
          <other otherDesc="Primary Identifier" value="73358WJA3"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3684240.00000000</valUSD>
        <pctVal>0.329615625346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04458000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co.</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co.</title>
        <cusip>949746SH5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="949746SH5"/>
          <other otherDesc="Primary Identifier" value="949746SH5"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1535867.75000000</valUSD>
        <pctVal>0.137408531709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Dept of Veterans Affairs Gtd REMIC Pass-Through Certs Vendee Mortgage Trust Series 1995-1 Class 1 (Mortgage spread to 3-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>U.S. Dept of Veterans Affairs Gtd REMIC Pass-Through Certs Vendee Mortgage Trust Series 1995-1 Class 1 (Mortgage spread to 3-year U.S. Treasury index)</title>
        <cusip>911760FG6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="911760FG6"/>
          <other otherDesc="Primary Identifier" value="911760FG6"/>
        </identifiers>
        <balance>31217.54000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34005.14000000</valUSD>
        <pctVal>0.003042316864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.06359300</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31401CEK5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31401CEK5"/>
          <other otherDesc="Primary Identifier" value="31401CEK5"/>
        </identifiers>
        <balance>16322.06000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18352.96000000</valUSD>
        <pctVal>0.001641972940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31416BKY3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31416BKY3"/>
          <other otherDesc="Primary Identifier" value="31416BKY3"/>
        </identifiers>
        <balance>91292.63000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104432.81000000</valUSD>
        <pctVal>0.009343225733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Airlines Pass-Through Certificates Series 2014-2B</name>
        <lei>N/A</lei>
        <title>United Airlines Pass-Through Certificates Series 2014-2B</title>
        <cusip>90932QAB2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90932QAB2"/>
          <other otherDesc="Primary Identifier" value="90932QAB2"/>
        </identifiers>
        <balance>3330520.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3432974.59000000</valUSD>
        <pctVal>0.307135818046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31419LKJ1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31419LKJ1"/>
          <other otherDesc="Primary Identifier" value="31419LKJ1"/>
        </identifiers>
        <balance>160269.21000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>166051.88000000</valUSD>
        <pctVal>0.014856061023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 445 bps)</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 445 bps)</title>
        <cusip>3137G0SE0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3137G0SE0"/>
          <other otherDesc="Primary Identifier" value="3137G0SE0"/>
        </identifiers>
        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1369509.50000000</valUSD>
        <pctVal>0.122525060870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.06242000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sequoia Mortgage Trust Series 2012-5 Class B2 (Mortgage spread to 3-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>Sequoia Mortgage Trust Series 2012-5 Class B2 (Mortgage spread to 3-year U.S. Treasury index)</title>
        <cusip>81744XAD0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="81744XAD0"/>
          <other otherDesc="Primary Identifier" value="81744XAD0"/>
        </identifiers>
        <balance>3771174.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3863374.44000000</valUSD>
        <pctVal>0.345642135688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03897800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36241LS23</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36241LS23"/>
          <other otherDesc="Primary Identifier" value="36241LS23"/>
        </identifiers>
        <balance>399648.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>425626.26000000</valUSD>
        <pctVal>0.038079241812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131XJ4V1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131XJ4V1"/>
          <other otherDesc="Primary Identifier" value="3131XJ4V1"/>
        </identifiers>
        <balance>837919.28000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>886100.07000000</valUSD>
        <pctVal>0.079276167864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31390G2T3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31390G2T3"/>
          <other otherDesc="Primary Identifier" value="31390G2T3"/>
        </identifiers>
        <balance>6726.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7758.76000000</valUSD>
        <pctVal>0.000694148190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Progress Residential Trust Series 2018-SFR3 Class C</name>
        <lei>DG3RU1DBUFHT4ZF9WN62</lei>
        <title>Progress Residential Trust Series 2018-SFR3 Class C</title>
        <cusip>74331MAC0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="74331MAC0"/>
          <other otherDesc="Primary Identifier" value="74331MAC0"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5070623.50000000</valUSD>
        <pctVal>0.453650341956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04178000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Group Inc. (The) (3-Month U.S. LIBOR plus 78 bps)</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc. (The) (3-Month U.S. LIBOR plus 78 bps)</title>
        <cusip>38148YAB4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="38148YAB4"/>
          <other otherDesc="Primary Identifier" value="38148YAB4"/>
        </identifiers>
        <balance>5780000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5819836.92000000</valUSD>
        <pctVal>0.520679756422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02707100</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Earnest Student Loan Program LLC Series 2017-A Class B</name>
        <lei>549300RPRMBC4KSBJ337</lei>
        <title>Earnest Student Loan Program LLC Series 2017-A Class B</title>
        <cusip>27035BAC1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="27035BAC1"/>
          <other otherDesc="Primary Identifier" value="27035BAC1"/>
        </identifiers>
        <balance>908179.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>917534.26000000</valUSD>
        <pctVal>0.082088471132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03590000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3132A3QD5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3132A3QD5"/>
          <other otherDesc="Primary Identifier" value="3132A3QD5"/>
        </identifiers>
        <balance>300371.21000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>323675.61000000</valUSD>
        <pctVal>0.028958085955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shellpoint Co-Originator Trust Series 2015-1 Class B3 (Mortgage spread to 7-year U.S. Treasury index)</name>
        <lei>549300720M0IRUIX3Q60</lei>
        <title>Shellpoint Co-Originator Trust Series 2015-1 Class B3 (Mortgage spread to 7-year U.S. Treasury index)</title>
        <cusip>82280QCA7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="82280QCA7"/>
          <other otherDesc="Primary Identifier" value="82280QCA7"/>
        </identifiers>
        <balance>4713802.49000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4784569.39000000</valUSD>
        <pctVal>0.428058115513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03803800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828UQ1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912828UQ1"/>
          <other otherDesc="Primary Identifier" value="912828UQ1"/>
        </identifiers>
        <balance>10500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10493040.50000000</valUSD>
        <pctVal>0.938774375771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="44956127.04" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8885073.64"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unum Group</name>
        <lei>549300E32YFDO6TZ8R31</lei>
        <title>Unum Group</title>
        <cusip>91529YAN6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="91529YAN6"/>
          <other otherDesc="Primary Identifier" value="91529YAN6"/>
        </identifiers>
        <balance>2260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2370516.40000000</valUSD>
        <pctVal>0.212081527148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tesoro Logistics L.P. and Tesoro Logistics Finance Corp.</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>Tesoro Logistics L.P. and Tesoro Logistics Finance Corp.</title>
        <cusip>55336VBC3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="55336VBC3"/>
          <other otherDesc="Primary Identifier" value="55336VBC3"/>
        </identifiers>
        <balance>3851000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4041363.44000000</valUSD>
        <pctVal>0.361566167656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31403C6L0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31403C6L0"/>
          <other otherDesc="Primary Identifier" value="31403C6L0"/>
        </identifiers>
        <balance>22137.66000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24405.36000000</valUSD>
        <pctVal>0.002183459274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WNQA5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WNQA5"/>
          <other otherDesc="Primary Identifier" value="3131WNQA5"/>
        </identifiers>
        <balance>76790.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85400.12000000</valUSD>
        <pctVal>0.007640439808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Entergy Texas Inc.</name>
        <lei>LWXX58X12AJXISQ28573</lei>
        <title>Entergy Texas Inc.</title>
        <cusip>29365TAF1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="29365TAF1"/>
          <other otherDesc="Primary Identifier" value="29365TAF1"/>
        </identifiers>
        <balance>3600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3722202.18000000</valUSD>
        <pctVal>0.333011964265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03450000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Mortgage Trust Series 2013-2 Class B3 (Mortgage spread to 7-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>JPMorgan Mortgage Trust Series 2013-2 Class B3 (Mortgage spread to 7-year U.S. Treasury index)</title>
        <cusip>46640BAL8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46640BAL8"/>
          <other otherDesc="Primary Identifier" value="46640BAL8"/>
        </identifiers>
        <balance>2463806.39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2488001.95000000</valUSD>
        <pctVal>0.222592534311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03637000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Winwater Mortgage Loan Trust 2015-B1 (Mortgage spread to 10-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>Winwater Mortgage Loan Trust 2015-B1 (Mortgage spread to 10-year U.S. Treasury index)</title>
        <cusip>97654DBZ8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="97654DBZ8"/>
          <other otherDesc="Primary Identifier" value="97654DBZ8"/>
        </identifiers>
        <balance>6379531.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6587377.02000000</valUSD>
        <pctVal>0.589348792652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03776900</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138AMVA0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138AMVA0"/>
          <other otherDesc="Primary Identifier" value="3138AMVA0"/>
        </identifiers>
        <balance>217311.81000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>235791.73000000</valUSD>
        <pctVal>0.021095433124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31389VR58</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31389VR58"/>
          <other otherDesc="Primary Identifier" value="31389VR58"/>
        </identifiers>
        <balance>10205.80000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11330.30000000</valUSD>
        <pctVal>0.001013680954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo N.A. (3-Month U.S. LIBOR plus 62 bps)</name>
        <lei>KB1H1DSPRFMYMCUFXT09</lei>
        <title>Wells Fargo N.A. (3-Month U.S. LIBOR plus 62 bps)</title>
        <cusip>94988J5W3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="94988J5W3"/>
          <other otherDesc="Primary Identifier" value="94988J5W3"/>
        </identifiers>
        <balance>5100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5121894.91000000</valUSD>
        <pctVal>0.458237409538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02538600</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31402RAS8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31402RAS8"/>
          <other otherDesc="Primary Identifier" value="31402RAS8"/>
        </identifiers>
        <balance>92045.53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104737.71000000</valUSD>
        <pctVal>0.009370504033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SA7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912810SA7"/>
          <other otherDesc="Primary Identifier" value="912810SA7"/>
        </identifiers>
        <balance>13563000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15229372.29000000</valUSD>
        <pctVal>1.362516847708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verizon Communications Inc. (3-Month U.S. LIBOR plus 110 bps)</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications Inc. (3-Month U.S. LIBOR plus 110 bps)</title>
        <cusip>92343VEP5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="92343VEP5"/>
          <other otherDesc="Primary Identifier" value="92343VEP5"/>
        </identifiers>
        <balance>3925000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4014952.44000000</valUSD>
        <pctVal>0.359203271026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03009900</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31391GJD9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31391GJD9"/>
          <other otherDesc="Primary Identifier" value="31391GJD9"/>
        </identifiers>
        <balance>22109.02000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25297.40000000</valUSD>
        <pctVal>0.002263266866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Tower Corp.</name>
        <lei>N/A</lei>
        <title>American Tower Corp.</title>
        <cusip>03027WAJ1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="03027WAJ1"/>
          <other otherDesc="Primary Identifier" value="03027WAJ1"/>
        </identifiers>
        <balance>3100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3139005.13000000</valUSD>
        <pctVal>0.280835433872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03070000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3620AX6F0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3620AX6F0"/>
          <other otherDesc="Primary Identifier" value="3620AX6F0"/>
        </identifiers>
        <balance>264273.17000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>290287.54000000</valUSD>
        <pctVal>0.025970976111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MPLX L.P. (3-Month U.S. LIBOR plus 110 bps)</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX L.P. (3-Month U.S. LIBOR plus 110 bps)</title>
        <cusip>55336VBH2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="55336VBH2"/>
          <other otherDesc="Primary Identifier" value="55336VBH2"/>
        </identifiers>
        <balance>2520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2530069.49000000</valUSD>
        <pctVal>0.226356164939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03226600</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36211EAC2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36211EAC2"/>
          <other otherDesc="Primary Identifier" value="36211EAC2"/>
        </identifiers>
        <balance>99759.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>110598.25000000</valUSD>
        <pctVal>0.009894825346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3132A4UT3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3132A4UT3"/>
          <other otherDesc="Primary Identifier" value="3132A4UT3"/>
        </identifiers>
        <balance>29095.13000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32089.94000000</valUSD>
        <pctVal>0.002870970848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131X4F34</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131X4F34"/>
          <other otherDesc="Primary Identifier" value="3131X4F34"/>
        </identifiers>
        <balance>69493.05000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>72966.96000000</valUSD>
        <pctVal>0.006528089958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61747WAL3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="61747WAL3"/>
          <other otherDesc="Primary Identifier" value="61747WAL3"/>
        </identifiers>
        <balance>990000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1042860.98000000</valUSD>
        <pctVal>0.093300999411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SunTrust Banks Inc. (3-Month U.S. LIBOR plus 59 bps)</name>
        <lei>JJKC32MCHWDI71265Z06</lei>
        <title>SunTrust Banks Inc. (3-Month U.S. LIBOR plus 59 bps)</title>
        <cusip>86787EBD8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="86787EBD8"/>
          <other otherDesc="Primary Identifier" value="86787EBD8"/>
        </identifiers>
        <balance>8125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8163841.56000000</valUSD>
        <pctVal>0.730389372307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02494100</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Capital I Trust Series 2012-STAR Class B</name>
        <lei>3IFG42XD94UUZ7FL2766</lei>
        <title>Morgan Stanley Capital I Trust Series 2012-STAR Class B</title>
        <cusip>61761BAL0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="61761BAL0"/>
          <other otherDesc="Primary Identifier" value="61761BAL0"/>
        </identifiers>
        <balance>930000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>946195.30000000</valUSD>
        <pctVal>0.084652670702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03451000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chesapeake Funding II LLC Series 2017-4A Class D</name>
        <lei>5493000HT7H4OFOD6Z12</lei>
        <title>Chesapeake Funding II LLC Series 2017-4A Class D</title>
        <cusip>165183BE3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="165183BE3"/>
          <other otherDesc="Primary Identifier" value="165183BE3"/>
        </identifiers>
        <balance>3375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3392303.29000000</valUSD>
        <pctVal>0.303497103961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03260000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810FP8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912810FP8"/>
          <other otherDesc="Primary Identifier" value="912810FP8"/>
        </identifiers>
        <balance>4940000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6624746.84000000</valUSD>
        <pctVal>0.592692135265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05375000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31416YUC0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31416YUC0"/>
          <other otherDesc="Primary Identifier" value="31416YUC0"/>
        </identifiers>
        <balance>398555.66000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>432772.03000000</valUSD>
        <pctVal>0.038718548004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mellon Residential Funding Corp. Series 1998-2 Class B-1</name>
        <lei>N/A</lei>
        <title>Mellon Residential Funding Corp. Series 1998-2 Class B-1</title>
        <cusip>585525BJ6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="585525BJ6"/>
          <other otherDesc="Primary Identifier" value="585525BJ6"/>
        </identifiers>
        <balance>863.28000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>877.78000000</valUSD>
        <pctVal>0.000078531801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WQUC9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WQUC9"/>
          <other otherDesc="Primary Identifier" value="3131WQUC9"/>
        </identifiers>
        <balance>325513.84000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>342779.25000000</valUSD>
        <pctVal>0.030667219520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Power Co. Series F</name>
        <lei>5LADC78JBG2BMZD5XF57</lei>
        <title>Southern Power Co. Series F</title>
        <cusip>843646AU4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="843646AU4"/>
          <other otherDesc="Primary Identifier" value="843646AU4"/>
        </identifiers>
        <balance>6190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6857976.02000000</valUSD>
        <pctVal>0.613558306311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04950000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>One Market Plaza Trust Series 2017-1MKT Class A</name>
        <lei>N/A</lei>
        <title>One Market Plaza Trust Series 2017-1MKT Class A</title>
        <cusip>68245HAA2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="68245HAA2"/>
          <other otherDesc="Primary Identifier" value="68245HAA2"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4092552.40000000</valUSD>
        <pctVal>0.366145858735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03613900</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Altria Group Inc. (GTD by Philip Morris USA Inc.)</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>Altria Group Inc. (GTD by Philip Morris USA Inc.)</title>
        <cusip>02209SBE2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="02209SBE2"/>
          <other otherDesc="Primary Identifier" value="02209SBE2"/>
        </identifiers>
        <balance>1905000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2236502.96000000</valUSD>
        <pctVal>0.200091829454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS Commercial Mortgage Trust Series 2017-C6 Class A5</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust Series 2017-C6 Class A5</title>
        <cusip>90276UAX9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90276UAX9"/>
          <other otherDesc="Primary Identifier" value="90276UAX9"/>
        </identifiers>
        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7470390.90000000</valUSD>
        <pctVal>0.668348850261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03579500</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invitation Homes Trust Series 2018-SFR1 (1-Month U.S. LIBOR plus 125 bps)</name>
        <lei>N/A</lei>
        <title>Invitation Homes Trust Series 2018-SFR1 (1-Month U.S. LIBOR plus 125 bps)</title>
        <cusip>46185JAE8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46185JAE8"/>
          <other otherDesc="Primary Identifier" value="46185JAE8"/>
        </identifiers>
        <balance>4500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4489007.40000000</valUSD>
        <pctVal>0.401615253440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02987400</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3132A5C94</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3132A5C94"/>
          <other otherDesc="Primary Identifier" value="3132A5C94"/>
        </identifiers>
        <balance>2888742.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3018920.05000000</valUSD>
        <pctVal>0.270091856163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31416RM91</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31416RM91"/>
          <other otherDesc="Primary Identifier" value="31416RM91"/>
        </identifiers>
        <balance>80993.81000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>87889.85000000</valUSD>
        <pctVal>0.007863186944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31411AHA6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31411AHA6"/>
          <other otherDesc="Primary Identifier" value="31411AHA6"/>
        </identifiers>
        <balance>47619.67000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53415.26000000</valUSD>
        <pctVal>0.004778870086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Mortgage Trust Series 2016-3 Class B3 (Mortgage spread to 7-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>JPMorgan Mortgage Trust Series 2016-3 Class B3 (Mortgage spread to 7-year U.S. Treasury index)</title>
        <cusip>46647EBC4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46647EBC4"/>
          <other otherDesc="Primary Identifier" value="46647EBC4"/>
        </identifiers>
        <balance>2739487.74000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2736388.56000000</valUSD>
        <pctVal>0.244814785789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03365600</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>America West Airlines Inc. Pass-Through Certificates Series 2000-1</name>
        <lei>N/A</lei>
        <title>America West Airlines Inc. Pass-Through Certificates Series 2000-1</title>
        <cusip>023650AG9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="023650AG9"/>
          <other otherDesc="Primary Identifier" value="023650AG9"/>
        </identifiers>
        <balance>567249.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>583595.86000000</valUSD>
        <pctVal>0.052212210481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.08057000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Auto Receivables Trust Series 2016-B Class D</name>
        <lei>N/A</lei>
        <title>Hyundai Auto Receivables Trust Series 2016-B Class D</title>
        <cusip>44891EAG4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="44891EAG4"/>
          <other otherDesc="Primary Identifier" value="44891EAG4"/>
        </identifiers>
        <balance>2520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2532683.16000000</valUSD>
        <pctVal>0.226590000539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02680000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WD5T9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WD5T9"/>
          <other otherDesc="Primary Identifier" value="3131WD5T9"/>
        </identifiers>
        <balance>94608.74000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>106124.09000000</valUSD>
        <pctVal>0.009494538436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>01F040610</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="01F040610"/>
          <other otherDesc="Primary Identifier" value="01F040610"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4159403.80000000</valUSD>
        <pctVal>0.372126811664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891AAR8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="44891AAR8"/>
          <other otherDesc="Primary Identifier" value="44891AAR8"/>
        </identifiers>
        <balance>3662000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3730787.96000000</valUSD>
        <pctVal>0.333780102944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGL Capital Corp.</name>
        <lei>E8CD46SWUD2TSN8PA636</lei>
        <title>AGL Capital Corp.</title>
        <cusip>001192AL7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="001192AL7"/>
          <other otherDesc="Primary Identifier" value="001192AL7"/>
        </identifiers>
        <balance>7050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7587364.04000000</valUSD>
        <pctVal>0.678814013955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03875000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3620AKYQ3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3620AKYQ3"/>
          <other otherDesc="Primary Identifier" value="3620AKYQ3"/>
        </identifiers>
        <balance>119621.02000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>132944.03000000</valUSD>
        <pctVal>0.011894021449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138EKG74</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138EKG74"/>
          <other otherDesc="Primary Identifier" value="3138EKG74"/>
        </identifiers>
        <balance>1242385.94000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1313837.33000000</valUSD>
        <pctVal>0.117544273210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NYU Hospitals Center</name>
        <lei>N/A</lei>
        <title>NYU Hospitals Center</title>
        <cusip>62952EAA5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="62952EAA5"/>
          <other otherDesc="Primary Identifier" value="62952EAA5"/>
        </identifiers>
        <balance>2315000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2601846.95000000</valUSD>
        <pctVal>0.232777834636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04428000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31407HDM5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31407HDM5"/>
          <other otherDesc="Primary Identifier" value="31407HDM5"/>
        </identifiers>
        <balance>7496.36000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8038.86000000</valUSD>
        <pctVal>0.000719207724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WRGC3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WRGC3"/>
          <other otherDesc="Primary Identifier" value="3131WRGC3"/>
        </identifiers>
        <balance>383452.59000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>416364.49000000</valUSD>
        <pctVal>0.037250624753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138EMDB4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138EMDB4"/>
          <other otherDesc="Primary Identifier" value="3138EMDB4"/>
        </identifiers>
        <balance>780938.56000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>851039.21000000</valUSD>
        <pctVal>0.076139399550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Synovus Financial Corp.</name>
        <lei>549300EIUS8UN5JTLE54</lei>
        <title>Synovus Financial Corp.</title>
        <cusip>87161CAK1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="87161CAK1"/>
          <other otherDesc="Primary Identifier" value="87161CAK1"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2030000.00000000</valUSD>
        <pctVal>0.181616756631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Airlines Inc. Pass-Through Certificates Series 2014-1 Class B</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
        <title>American Airlines Inc. Pass-Through Certificates Series 2014-1 Class B</title>
        <cusip>023770AB6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="023770AB6"/>
          <other otherDesc="Primary Identifier" value="023770AB6"/>
        </identifiers>
        <balance>1195649.53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1203655.72000000</valUSD>
        <pctVal>0.107686723136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31390TKA6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31390TKA6"/>
          <other otherDesc="Primary Identifier" value="31390TKA6"/>
        </identifiers>
        <balance>5976.48000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6875.51000000</valUSD>
        <pctVal>0.000615127008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138ADV44</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138ADV44"/>
          <other otherDesc="Primary Identifier" value="3138ADV44"/>
        </identifiers>
        <balance>125791.42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>139872.72000000</valUSD>
        <pctVal>0.012513906279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WJVC4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WJVC4"/>
          <other otherDesc="Primary Identifier" value="3131WJVC4"/>
        </identifiers>
        <balance>17895.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19866.72000000</valUSD>
        <pctVal>0.001777403572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3132A4UQ9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3132A4UQ9"/>
          <other otherDesc="Primary Identifier" value="3132A4UQ9"/>
        </identifiers>
        <balance>18868.67000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21224.69000000</valUSD>
        <pctVal>0.001898896235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WRLV5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WRLV5"/>
          <other otherDesc="Primary Identifier" value="3131WRLV5"/>
        </identifiers>
        <balance>913440.56000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>979492.95000000</valUSD>
        <pctVal>0.087631690996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31389GST8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31389GST8"/>
          <other otherDesc="Primary Identifier" value="31389GST8"/>
        </identifiers>
        <balance>13115.50000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15114.79000000</valUSD>
        <pctVal>0.001352265584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2018-TBR Class A (1-Month U.S. LIBOR plus 83 bps)</name>
        <lei>N/A</lei>
        <title>Citigroup Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2018-TBR Class A (1-Month U.S. LIBOR plus 83 bps)</title>
        <cusip>17326MAA0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="17326MAA0"/>
          <other otherDesc="Primary Identifier" value="17326MAA0"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9950331.00000000</valUSD>
        <pctVal>0.890220120016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02569700</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31402SXC6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31402SXC6"/>
          <other otherDesc="Primary Identifier" value="31402SXC6"/>
        </identifiers>
        <balance>35597.37000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39237.22000000</valUSD>
        <pctVal>0.003510412135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31403RR34</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31403RR34"/>
          <other otherDesc="Primary Identifier" value="31403RR34"/>
        </identifiers>
        <balance>10829.18000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11910.30000000</valUSD>
        <pctVal>0.001065571456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jefferies Group LLC and Jefferies Group Capital Finance Inc.</name>
        <lei>NY9Q8VBNB6D1L6YV0J84</lei>
        <title>Jefferies Group LLC and Jefferies Group Capital Finance Inc.</title>
        <cusip>47233JBH0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="47233JBH0"/>
          <other otherDesc="Primary Identifier" value="47233JBH0"/>
        </identifiers>
        <balance>2915000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3086762.12000000</valUSD>
        <pctVal>0.276161440752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04150000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31403RRX8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31403RRX8"/>
          <other otherDesc="Primary Identifier" value="31403RRX8"/>
        </identifiers>
        <balance>1721.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1935.04000000</valUSD>
        <pctVal>0.000173121028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pearl Street Mortgage Co. Trust Series 2018-1 Class A-3 (Mortgage spread to 2-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>Pearl Street Mortgage Co. Trust Series 2018-1 Class A-3 (Mortgage spread to 2-year U.S. Treasury index)</title>
        <cusip>69371VAC1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="69371VAC1"/>
          <other otherDesc="Primary Identifier" value="69371VAC1"/>
        </identifiers>
        <balance>7553526.05000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7666534.35000000</valUSD>
        <pctVal>0.685897095198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WD7E0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WD7E0"/>
          <other otherDesc="Primary Identifier" value="3131WD7E0"/>
        </identifiers>
        <balance>168786.53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>189814.15000000</valUSD>
        <pctVal>0.016981985362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31400TGP6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31400TGP6"/>
          <other otherDesc="Primary Identifier" value="31400TGP6"/>
        </identifiers>
        <balance>186971.21000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>208486.54000000</valUSD>
        <pctVal>0.018652536549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Occidental Petroleum Corp. (3-Month U.S. LIBOR plus 125 bps)</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp. (3-Month U.S. LIBOR plus 125 bps)</title>
        <cusip>674599CV5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="674599CV5"/>
          <other otherDesc="Primary Identifier" value="674599CV5"/>
        </identifiers>
        <balance>6700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6735574.45000000</valUSD>
        <pctVal>0.602607480621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-13</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03154600</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Department of Veterans Affairs Guaranteed REMIC Pass-Through Certificates Vendee Mortgage Trust Series 1995-1 Class 2</name>
        <lei>N/A</lei>
        <title>U.S. Department of Veterans Affairs Guaranteed REMIC Pass-Through Certificates Vendee Mortgage Trust Series 1995-1 Class 2</title>
        <cusip>911760FH4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="911760FH4"/>
          <other otherDesc="Primary Identifier" value="911760FH4"/>
        </identifiers>
        <balance>6889.89000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7445.66000000</valUSD>
        <pctVal>0.000666136266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07792500</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Discover Bank</name>
        <lei>X05BVSK68TQ7YTOSNR22</lei>
        <title>Discover Bank</title>
        <cusip>25466AAJ0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="25466AAJ0"/>
          <other otherDesc="Primary Identifier" value="25466AAJ0"/>
        </identifiers>
        <balance>3975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4124542.16000000</valUSD>
        <pctVal>0.369007866842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03450000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36291KW78</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36291KW78"/>
          <other otherDesc="Primary Identifier" value="36291KW78"/>
        </identifiers>
        <balance>25756.54000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27284.37000000</valUSD>
        <pctVal>0.002441033884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131XJ4L3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131XJ4L3"/>
          <other otherDesc="Primary Identifier" value="3131XJ4L3"/>
        </identifiers>
        <balance>806226.26000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>830197.17000000</valUSD>
        <pctVal>0.074274737625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Agency REMIC/CMO</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Agency REMIC/CMO</title>
        <cusip>38373MAG5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="38373MAG5"/>
          <other otherDesc="Primary Identifier" value="38373MAG5"/>
        </identifiers>
        <balance>12101.26000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.12000000</valUSD>
        <pctVal>0.000000010735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00643000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Inc.</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc.</title>
        <cusip>172967JT9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="172967JT9"/>
          <other otherDesc="Primary Identifier" value="172967JT9"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5430121.35000000</valUSD>
        <pctVal>0.485813314140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSX Corp.</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX Corp.</title>
        <cusip>126408HN6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="126408HN6"/>
          <other otherDesc="Primary Identifier" value="126408HN6"/>
        </identifiers>
        <balance>950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1149226.05000000</valUSD>
        <pctVal>0.102817097457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MPLX L.P.</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX L.P.</title>
        <cusip>55336VAT7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="55336VAT7"/>
          <other otherDesc="Primary Identifier" value="55336VAT7"/>
        </identifiers>
        <balance>4125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4672957.82000000</valUSD>
        <pctVal>0.418072632091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invitation Homes Trust Series 2018-SFR3 Class D (1-Month U.S. LIBOR plus 165 bps)</name>
        <lei>N/A</lei>
        <title>Invitation Homes Trust Series 2018-SFR3 Class D (1-Month U.S. LIBOR plus 165 bps)</title>
        <cusip>46187VAG4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46187VAG4"/>
          <other otherDesc="Primary Identifier" value="46187VAG4"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5017121.00000000</valUSD>
        <pctVal>0.448863666822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03387400</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WEYK4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WEYK4"/>
          <other otherDesc="Primary Identifier" value="3131WEYK4"/>
        </identifiers>
        <balance>233.83000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249.89000000</valUSD>
        <pctVal>0.000022356754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hasbro Inc.</name>
        <lei>549300NUB6D2R1ITYR45</lei>
        <title>Hasbro Inc.</title>
        <cusip>418056AZ0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="418056AZ0"/>
          <other otherDesc="Primary Identifier" value="418056AZ0"/>
        </identifiers>
        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7041963.04000000</valUSD>
        <pctVal>0.630018959431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLT Funding LLC Mortgage Loan Trust Series 2019-3 Class A1 (Mortgage spread to 2-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>COLT Funding LLC Mortgage Loan Trust Series 2019-3 Class A1 (Mortgage spread to 2-year U.S. Treasury index)</title>
        <cusip>19688CAA0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="19688CAA0"/>
          <other otherDesc="Primary Identifier" value="19688CAA0"/>
        </identifiers>
        <balance>5952293.76000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5944184.35000000</valUSD>
        <pctVal>0.531804671166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02764000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Credit Suisse Mortgage Capital Trust Series 2017-HL1 Class A12 (Mortgage spread to 10-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>Credit Suisse Mortgage Capital Trust Series 2017-HL1 Class A12 (Mortgage spread to 10-year U.S. Treasury index)</title>
        <cusip>12594XAM6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="12594XAM6"/>
          <other otherDesc="Primary Identifier" value="12594XAM6"/>
        </identifiers>
        <balance>4775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4862472.75000000</valUSD>
        <pctVal>0.435027847323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Progress Residential Trust Series 2018-SFR1</name>
        <lei>N/A</lei>
        <title>Progress Residential Trust Series 2018-SFR1</title>
        <cusip>74334AAC3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="74334AAC3"/>
          <other otherDesc="Primary Identifier" value="74334AAC3"/>
        </identifiers>
        <balance>4500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4515025.05000000</valUSD>
        <pctVal>0.403942958469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03684000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>International Business Machines Corp.</name>
        <lei>VGRQXHF3J8VDLUA7XE92</lei>
        <title>International Business Machines Corp.</title>
        <cusip>459200JW2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="459200JW2"/>
          <other otherDesc="Primary Identifier" value="459200JW2"/>
        </identifiers>
        <balance>4280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4336509.65000000</valUSD>
        <pctVal>0.387971831396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHL Mortgage Pass-Through Trust 2004-J4</name>
        <lei>N/A</lei>
        <title>CHL Mortgage Pass-Through Trust 2004-J4</title>
        <cusip>12669FVB6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="12669FVB6"/>
          <other otherDesc="Primary Identifier" value="12669FVB6"/>
        </identifiers>
        <balance>49194.46000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>48584.34000000</valUSD>
        <pctVal>0.004346665149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marathon Petroleum Corp.</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
        <title>Marathon Petroleum Corp.</title>
        <cusip>56585AAM4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="56585AAM4"/>
          <other otherDesc="Primary Identifier" value="56585AAM4"/>
        </identifiers>
        <balance>5097000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5837590.63000000</valUSD>
        <pctVal>0.522268116633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05850000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31414SW74</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31414SW74"/>
          <other otherDesc="Primary Identifier" value="31414SW74"/>
        </identifiers>
        <balance>39230.24000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40598.50000000</valUSD>
        <pctVal>0.003632200933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31400ENB2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31400ENB2"/>
          <other otherDesc="Primary Identifier" value="31400ENB2"/>
        </identifiers>
        <balance>22538.57000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25330.96000000</valUSD>
        <pctVal>0.002266269358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31417GHS8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31417GHS8"/>
          <other otherDesc="Primary Identifier" value="31417GHS8"/>
        </identifiers>
        <balance>1891305.49000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1946775.97000000</valUSD>
        <pctVal>0.174171003724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31414QAB3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31414QAB3"/>
          <other otherDesc="Primary Identifier" value="31414QAB3"/>
        </identifiers>
        <balance>114711.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127908.64000000</valUSD>
        <pctVal>0.011443523321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Agency REMIC/CMO</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Agency REMIC/CMO</title>
        <cusip>38373MPG9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="38373MPG9"/>
          <other otherDesc="Primary Identifier" value="38373MPG9"/>
        </identifiers>
        <balance>183259.48000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12.64000000</valUSD>
        <pctVal>0.000001130855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00003800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31406GYX1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31406GYX1"/>
          <other otherDesc="Primary Identifier" value="31406GYX1"/>
        </identifiers>
        <balance>329951.22000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>370724.86000000</valUSD>
        <pctVal>0.033167412155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hometown Commercial Trust Commercial Mortgage-Backed Notes Series 2007-1</name>
        <lei>N/A</lei>
        <title>Hometown Commercial Trust Commercial Mortgage-Backed Notes Series 2007-1</title>
        <cusip>43786YAA3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="43786YAA3"/>
          <other otherDesc="Primary Identifier" value="43786YAA3"/>
        </identifiers>
        <balance>5577.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2857.82000000</valUSD>
        <pctVal>0.000255678817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06057000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31410FUZ6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31410FUZ6"/>
          <other otherDesc="Primary Identifier" value="31410FUZ6"/>
        </identifiers>
        <balance>120235.31000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>135229.41000000</valUSD>
        <pctVal>0.012098486130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bacardi Ltd.</name>
        <lei>549300R32WTQNHNN5055</lei>
        <title>Bacardi Ltd.</title>
        <cusip>067316AH2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="067316AH2"/>
          <other otherDesc="Primary Identifier" value="067316AH2"/>
        </identifiers>
        <balance>2325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2693519.64000000</valUSD>
        <pctVal>0.240979458591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Mortgage Loan Trust Series 2018-RP1 (3-year U.S. Treasury index plus 60 bps)</name>
        <lei>549300R1KUK063S4I339</lei>
        <title>Citigroup Mortgage Loan Trust Series 2018-RP1 (3-year U.S. Treasury index plus 60 bps)</title>
        <cusip>17326QAA1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="17326QAA1"/>
          <other otherDesc="Primary Identifier" value="17326QAA1"/>
        </identifiers>
        <balance>3214888.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3232728.24000000</valUSD>
        <pctVal>0.289220501488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Exeter Automobile Receivables Trust Series 2016-2 Class D</name>
        <lei>N/A</lei>
        <title>Exeter Automobile Receivables Trust Series 2016-2 Class D</title>
        <cusip>30165MAG4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="30165MAG4"/>
          <other otherDesc="Primary Identifier" value="30165MAG4"/>
        </identifiers>
        <balance>8200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8548384.38000000</valUSD>
        <pctVal>0.764793027358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.08250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citibank N.A. (3-Month U.S. LIBOR plus 60 bps)</name>
        <lei>E57ODZWZ7FF32TWEFA76</lei>
        <title>Citibank N.A. (3-Month U.S. LIBOR plus 60 bps)</title>
        <cusip>17325FAX6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="17325FAX6"/>
          <other otherDesc="Primary Identifier" value="17325FAX6"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10037488.80000000</valUSD>
        <pctVal>0.898017813095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02498500</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Airlines Inc. Pass-Through Certificates Series 2013-2 Class B</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
        <title>American Airlines Inc. Pass-Through Certificates Series 2013-2 Class B</title>
        <cusip>02376TAC2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="02376TAC2"/>
          <other otherDesc="Primary Identifier" value="02376TAC2"/>
        </identifiers>
        <balance>1449795.31000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1473302.44000000</valUSD>
        <pctVal>0.131811039749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31389K5S6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31389K5S6"/>
          <other otherDesc="Primary Identifier" value="31389K5S6"/>
        </identifiers>
        <balance>22982.98000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26543.99000000</valUSD>
        <pctVal>0.002374794764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CommonBond Student Loan Trust Series 2017-BGS Class C</name>
        <lei>N/A</lei>
        <title>CommonBond Student Loan Trust Series 2017-BGS Class C</title>
        <cusip>20268CAA6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="20268CAA6"/>
          <other otherDesc="Primary Identifier" value="20268CAA6"/>
        </identifiers>
        <balance>9574939.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9480310.28000000</valUSD>
        <pctVal>0.848169066461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02540000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 300 bps)</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 300 bps)</title>
        <cusip>30711XJX3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="30711XJX3"/>
          <other otherDesc="Primary Identifier" value="30711XJX3"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3133796.10000000</valUSD>
        <pctVal>0.280369400801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04792000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131XLGZ4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131XLGZ4"/>
          <other otherDesc="Primary Identifier" value="3131XLGZ4"/>
        </identifiers>
        <balance>1021055.51000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1051737.61000000</valUSD>
        <pctVal>0.094095159387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3140E1DS9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3140E1DS9"/>
          <other otherDesc="Primary Identifier" value="3140E1DS9"/>
        </identifiers>
        <balance>1132201.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1170529.68000000</valUSD>
        <pctVal>0.104723056168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31406FAR2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31406FAR2"/>
          <other otherDesc="Primary Identifier" value="31406FAR2"/>
        </identifiers>
        <balance>132981.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149424.49000000</valUSD>
        <pctVal>0.013368468588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31402CVN9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31402CVN9"/>
          <other otherDesc="Primary Identifier" value="31402CVN9"/>
        </identifiers>
        <balance>38593.60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43427.69000000</valUSD>
        <pctVal>0.003885318327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
        <cusip>345397VR1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="345397VR1"/>
          <other otherDesc="Primary Identifier" value="345397VR1"/>
        </identifiers>
        <balance>5361000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5533147.93000000</valUSD>
        <pctVal>0.495030729562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31403SKB1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31403SKB1"/>
          <other otherDesc="Primary Identifier" value="31403SKB1"/>
        </identifiers>
        <balance>8936.47000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9921.11000000</valUSD>
        <pctVal>0.000887605822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charter Communications Operating LLC and Charter Communications Operating Capital Corp.</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>Charter Communications Operating LLC and Charter Communications Operating Capital Corp.</title>
        <cusip>161175AX2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="161175AX2"/>
          <other otherDesc="Primary Identifier" value="161175AX2"/>
        </identifiers>
        <balance>5791000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5827821.78000000</valUSD>
        <pctVal>0.521394132961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03579000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WEXE9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WEXE9"/>
          <other otherDesc="Primary Identifier" value="3131WEXE9"/>
        </identifiers>
        <balance>2376.01000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2669.62000000</valUSD>
        <pctVal>0.000238841244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AXA Equitable Holdings Inc.</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>AXA Equitable Holdings Inc.</title>
        <cusip>054561AM7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="054561AM7"/>
          <other otherDesc="Primary Identifier" value="054561AM7"/>
        </identifiers>
        <balance>5160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5537674.33000000</valUSD>
        <pctVal>0.495435690196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31400QSW4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31400QSW4"/>
          <other otherDesc="Primary Identifier" value="31400QSW4"/>
        </identifiers>
        <balance>144807.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>165958.70000000</valUSD>
        <pctVal>0.014847724546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138ABMF3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138ABMF3"/>
          <other otherDesc="Primary Identifier" value="3138ABMF3"/>
        </identifiers>
        <balance>337195.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>366137.25000000</valUSD>
        <pctVal>0.032756975284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cheniere Corpus Christi Holdings LLC</name>
        <lei>549300I7CIEWU1BBLQ53</lei>
        <title>Cheniere Corpus Christi Holdings LLC</title>
        <cusip>16412XAC9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="16412XAC9"/>
          <other otherDesc="Primary Identifier" value="16412XAC9"/>
        </identifiers>
        <balance>4630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5206249.80000000</valUSD>
        <pctVal>0.465784336399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05875000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enterprise Products Operating LLC (GTD by Enterprise Products Partners L.P.) (3-Month U.S. LIBOR plus 277.75 bps)</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC (GTD by Enterprise Products Partners L.P.) (3-Month U.S. LIBOR plus 277.75 bps)</title>
        <cusip>29379VAN3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="29379VAN3"/>
          <other otherDesc="Primary Identifier" value="29379VAN3"/>
        </identifiers>
        <balance>5750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5436912.50000000</valUSD>
        <pctVal>0.486420893764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04684400</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
        <cusip>345397VU4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="345397VU4"/>
          <other otherDesc="Primary Identifier" value="345397VU4"/>
        </identifiers>
        <balance>2560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2679469.31000000</valUSD>
        <pctVal>0.239722426392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05875000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31389GSP6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31389GSP6"/>
          <other otherDesc="Primary Identifier" value="31389GSP6"/>
        </identifiers>
        <balance>19748.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22966.44000000</valUSD>
        <pctVal>0.002054724307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS Mortgage Securities Corp. Trust Commercial Mortgage Pass-Through Certificates Series 2012-BWTR (Mortgage spread to 5-year U.S. Treasury index)</name>
        <lei>5493005BBCF84ICNQ550</lei>
        <title>GS Mortgage Securities Corp. Trust Commercial Mortgage Pass-Through Certificates Series 2012-BWTR (Mortgage spread to 5-year U.S. Treasury index)</title>
        <cusip>36192RAJ1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36192RAJ1"/>
          <other otherDesc="Primary Identifier" value="36192RAJ1"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>999287.30000000</valUSD>
        <pctVal>0.089402619886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03439500</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FirstEnergy Transmission LLC</name>
        <lei>549300AINIIPOLYX2R63</lei>
        <title>FirstEnergy Transmission LLC</title>
        <cusip>33767BAA7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="33767BAA7"/>
          <other otherDesc="Primary Identifier" value="33767BAA7"/>
        </identifiers>
        <balance>3871000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4870646.30000000</valUSD>
        <pctVal>0.435759105274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05450000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138EG4C5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138EG4C5"/>
          <other otherDesc="Primary Identifier" value="3138EG4C5"/>
        </identifiers>
        <balance>721320.91000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>773226.30000000</valUSD>
        <pctVal>0.069177759974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSX Corp.</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX Corp.</title>
        <cusip>126408HG1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="126408HG1"/>
          <other otherDesc="Primary Identifier" value="126408HG1"/>
        </identifiers>
        <balance>4175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4448131.55000000</valUSD>
        <pctVal>0.397958239006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chesapeake Funding II LLC Series 2018-1 Class C</name>
        <lei>5493000HT7H4OFOD6Z12</lei>
        <title>Chesapeake Funding II LLC Series 2018-1 Class C</title>
        <cusip>165183BL7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="165183BL7"/>
          <other otherDesc="Primary Identifier" value="165183BL7"/>
        </identifiers>
        <balance>3100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3158046.57000000</valUSD>
        <pctVal>0.282539002628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03570000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SoFi Professional Loan Program LLC Series 2018-A Class A-2B</name>
        <lei>5493002WMPR84WZ75V46</lei>
        <title>SoFi Professional Loan Program LLC Series 2018-A Class A-2B</title>
        <cusip>83406EAC9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="83406EAC9"/>
          <other otherDesc="Primary Identifier" value="83406EAC9"/>
        </identifiers>
        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3530816.45000000</valUSD>
        <pctVal>0.315889375325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02950000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dominion Energy Inc.</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc.</title>
        <cusip>25746UDA4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="25746UDA4"/>
          <other otherDesc="Primary Identifier" value="25746UDA4"/>
        </identifiers>
        <balance>9000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9066101.67000000</valUSD>
        <pctVal>0.811111320492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invitation Homes Trust Series 2018-SFR3 Class A (1-Month U.S. LIBOR plus 100 bps)</name>
        <lei>N/A</lei>
        <title>Invitation Homes Trust Series 2018-SFR3 Class A (1-Month U.S. LIBOR plus 100 bps)</title>
        <cusip>46187VAA7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46187VAA7"/>
          <other otherDesc="Primary Identifier" value="46187VAA7"/>
        </identifiers>
        <balance>4730913.24000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4732016.49000000</valUSD>
        <pctVal>0.423356397656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02737400</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31405VVM6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31405VVM6"/>
          <other otherDesc="Primary Identifier" value="31405VVM6"/>
        </identifiers>
        <balance>71194.10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76518.38000000</valUSD>
        <pctVal>0.006845822659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31402HUF6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31402HUF6"/>
          <other otherDesc="Primary Identifier" value="31402HUF6"/>
        </identifiers>
        <balance>9157.06000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10166.00000000</valUSD>
        <pctVal>0.000909515245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Foursight Capital Automobile Receivables Trust Series 2016-1 Class B</name>
        <lei>N/A</lei>
        <title>Foursight Capital Automobile Receivables Trust Series 2016-1 Class B</title>
        <cusip>35104VAC6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="35104VAC6"/>
          <other otherDesc="Primary Identifier" value="35104VAC6"/>
        </identifiers>
        <balance>3202000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3212031.23000000</valUSD>
        <pctVal>0.287368814873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-18</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03710000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Compass Bank</name>
        <lei>C90VT034M03BN29IRA40</lei>
        <title>Compass Bank</title>
        <cusip>20453KAC9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="20453KAC9"/>
          <other otherDesc="Primary Identifier" value="20453KAC9"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2034248.06000000</valUSD>
        <pctVal>0.181996815193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31400DRG9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31400DRG9"/>
          <other otherDesc="Primary Identifier" value="31400DRG9"/>
        </identifiers>
        <balance>61170.03000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67886.25000000</valUSD>
        <pctVal>0.006073537214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131XJX49</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131XJX49"/>
          <other otherDesc="Primary Identifier" value="3131XJX49"/>
        </identifiers>
        <balance>1175553.78000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1238515.09000000</valUSD>
        <pctVal>0.110805464869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chesapeake Funding II LLC Series 2017-3 Class D</name>
        <lei>5493000HT7H4OFOD6Z12</lei>
        <title>Chesapeake Funding II LLC Series 2017-3 Class D</title>
        <cusip>165183AX2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="165183AX2"/>
          <other otherDesc="Primary Identifier" value="165183AX2"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2513755.50000000</valUSD>
        <pctVal>0.224896611268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03380000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 430 bps)</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 430 bps)</title>
        <cusip>30711XAT1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="30711XAT1"/>
          <other otherDesc="Primary Identifier" value="30711XAT1"/>
        </identifiers>
        <balance>1782770.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1897944.66000000</valUSD>
        <pctVal>0.169802243062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.06092000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prestige Auto Receivables Trust Series 2016-1A Class E</name>
        <lei>N/A</lei>
        <title>Prestige Auto Receivables Trust Series 2016-1A Class E</title>
        <cusip>74113FAQ8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="74113FAQ8"/>
          <other otherDesc="Primary Identifier" value="74113FAQ8"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2026432.40000000</valUSD>
        <pctVal>0.181297576365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07690000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3140E4Q34</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3140E4Q34"/>
          <other otherDesc="Primary Identifier" value="3140E4Q34"/>
        </identifiers>
        <balance>578898.04000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>604621.91000000</valUSD>
        <pctVal>0.054093335114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>31329JB48</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31329JB48"/>
          <other otherDesc="Primary Identifier" value="31329JB48"/>
        </identifiers>
        <balance>69640.52000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>78329.70000000</valUSD>
        <pctVal>0.007007874907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31405JEC4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31405JEC4"/>
          <other otherDesc="Primary Identifier" value="31405JEC4"/>
        </identifiers>
        <balance>42074.53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47598.67000000</valUSD>
        <pctVal>0.004258480820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GM Financial Securitized Term Auto Receivables Trust Series 2018-1 Class C</name>
        <lei>N/A</lei>
        <title>GM Financial Securitized Term Auto Receivables Trust Series 2018-1 Class C</title>
        <cusip>36255PAG5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36255PAG5"/>
          <other otherDesc="Primary Identifier" value="36255PAG5"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1405012.56000000</valUSD>
        <pctVal>0.125701391218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02770000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31407DSV8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31407DSV8"/>
          <other otherDesc="Primary Identifier" value="31407DSV8"/>
        </identifiers>
        <balance>3766.67000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4143.20000000</valUSD>
        <pctVal>0.000370677116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 2017-JP5 Class A-5</name>
        <lei>N/A</lei>
        <title>JPMorgan Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 2017-JP5 Class A-5</title>
        <cusip>46647TAS7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46647TAS7"/>
          <other otherDesc="Primary Identifier" value="46647TAS7"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1608358.95000000</valUSD>
        <pctVal>0.143894057142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03723200</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828YV6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912828YV6"/>
          <other otherDesc="Primary Identifier" value="912828YV6"/>
        </identifiers>
        <balance>19055000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18882231.55000000</valUSD>
        <pctVal>1.689324951764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="44956127.04" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="17033920.81"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Albemarle Corp. (3-Month U.S. LIBOR plus 105 bps)</name>
        <lei>HDBLS2Q6GV1LSKQPBS54</lei>
        <title>Albemarle Corp. (3-Month U.S. LIBOR plus 105 bps)</title>
        <cusip>012653AB7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="012653AB7"/>
          <other otherDesc="Primary Identifier" value="012653AB7"/>
        </identifiers>
        <balance>3465000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3471427.09000000</valUSD>
        <pctVal>0.310576024123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02931800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>U.S. Bancorp</title>
        <cusip>902973AZ9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="902973AZ9"/>
          <other otherDesc="Primary Identifier" value="902973AZ9"/>
        </identifiers>
        <balance>1675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1848781.25000000</valUSD>
        <pctVal>0.165403770614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36241KGU6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36241KGU6"/>
          <other otherDesc="Primary Identifier" value="36241KGU6"/>
        </identifiers>
        <balance>162504.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>181101.42000000</valUSD>
        <pctVal>0.016202488927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31410GCG6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31410GCG6"/>
          <other otherDesc="Primary Identifier" value="31410GCG6"/>
        </identifiers>
        <balance>59389.27000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>68449.81000000</valUSD>
        <pctVal>0.006123956888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31385JEL8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31385JEL8"/>
          <other otherDesc="Primary Identifier" value="31385JEL8"/>
        </identifiers>
        <balance>9721.07000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11118.89000000</valUSD>
        <pctVal>0.000994766866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3132A7ND9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3132A7ND9"/>
          <other otherDesc="Primary Identifier" value="3132A7ND9"/>
        </identifiers>
        <balance>302579.75000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>307008.72000000</valUSD>
        <pctVal>0.027466959598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westlake Automobile Receivables Trust Series 2018-1 Class C</name>
        <lei>N/A</lei>
        <title>Westlake Automobile Receivables Trust Series 2018-1 Class C</title>
        <cusip>96042NAJ6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="96042NAJ6"/>
          <other otherDesc="Primary Identifier" value="96042NAJ6"/>
        </identifiers>
        <balance>5500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5514571.70000000</valUSD>
        <pctVal>0.493368781461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02920000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Airlines Pass-Through Certificates Series 2014-1B</name>
        <lei>N/A</lei>
        <title>United Airlines Pass-Through Certificates Series 2014-1B</title>
        <cusip>90932PAB4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90932PAB4"/>
          <other otherDesc="Primary Identifier" value="90932PAB4"/>
        </identifiers>
        <balance>2276486.73000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2349306.30000000</valUSD>
        <pctVal>0.210183936226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828W22</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912828W22"/>
          <other otherDesc="Primary Identifier" value="912828W22"/>
        </identifiers>
        <balance>21000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20992640.55000000</valUSD>
        <pctVal>1.878135610753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01375000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828YS3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912828YS3"/>
          <other otherDesc="Primary Identifier" value="912828YS3"/>
        </identifiers>
        <balance>25200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24799851.72000000</valUSD>
        <pctVal>2.218753021841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="17877106.55"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3140E7CN8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3140E7CN8"/>
          <other otherDesc="Primary Identifier" value="3140E7CN8"/>
        </identifiers>
        <balance>990650.04000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1023932.70000000</valUSD>
        <pctVal>0.091607554671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3132A5CL7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3132A5CL7"/>
          <other otherDesc="Primary Identifier" value="3132A5CL7"/>
        </identifiers>
        <balance>1458566.04000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1528210.95000000</valUSD>
        <pctVal>0.136723505511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Fixed Rate Participation Certificates</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Fixed Rate Participation Certificates</title>
        <cusip>3137G1AA5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3137G1AA5"/>
          <other otherDesc="Primary Identifier" value="3137G1AA5"/>
        </identifiers>
        <balance>3319041.10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3378548.19000000</valUSD>
        <pctVal>0.302266484922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Agency REMIC/CMO</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Agency REMIC/CMO</title>
        <cusip>31393JLU0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31393JLU0"/>
          <other otherDesc="Primary Identifier" value="31393JLU0"/>
        </identifiers>
        <balance>44383.47000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49463.57000000</valUSD>
        <pctVal>0.004425326677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>01F030611</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="01F030611"/>
          <other otherDesc="Primary Identifier" value="01F030611"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5067760.25000000</valUSD>
        <pctVal>0.453394177336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31404EW44</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31404EW44"/>
          <other otherDesc="Primary Identifier" value="31404EW44"/>
        </identifiers>
        <balance>16083.56000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17980.18000000</valUSD>
        <pctVal>0.001608621662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. 30-Year Treasury Bond</name>
        <lei>N/A</lei>
        <title>U.S. 30-Year Treasury Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="USH0"/>
          <other otherDesc="Primary Identifier" value="USH0"/>
        </identifiers>
        <balance>551.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>85904343.75000000</valUSD>
        <pctVal>7.685550882986</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>U.S. 30-Year Treasury Bond</issuerName>
                <issueTitle>U.S. 30-Year Treasury Bond</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <other otherDesc="Primary Identifier" value="912810RY6"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-31</expDate>
            <notionalAmt>55100000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1861052.09</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IPALCO Enterprises Inc.</name>
        <lei>5493000YFVK2DZX0JV43</lei>
        <title>IPALCO Enterprises Inc.</title>
        <cusip>462613AM2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="462613AM2"/>
          <other otherDesc="Primary Identifier" value="462613AM2"/>
        </identifiers>
        <balance>2650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2739171.65000000</valUSD>
        <pctVal>0.245063778783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36179QWF4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36179QWF4"/>
          <other otherDesc="Primary Identifier" value="36179QWF4"/>
        </identifiers>
        <balance>345447.12000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>365857.70000000</valUSD>
        <pctVal>0.032731964957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Agate Bay Mortgage Loan Trust 2016-1 Class B1 (Mortgage spread to 7-year U.S. Treasury index)</name>
        <lei>549300SCHQRABPDKYY47</lei>
        <title>Agate Bay Mortgage Loan Trust 2016-1 Class B1 (Mortgage spread to 7-year U.S. Treasury index)</title>
        <cusip>00842TAS7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="00842TAS7"/>
          <other otherDesc="Primary Identifier" value="00842TAS7"/>
        </identifiers>
        <balance>6231121.05000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6254855.39000000</valUSD>
        <pctVal>0.559599285287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03775800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SoFi Professional Loan Program LLC Series 2017-F Class A-2FX</name>
        <lei>N/A</lei>
        <title>SoFi Professional Loan Program LLC Series 2017-F Class A-2FX</title>
        <cusip>83401BAB2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="83401BAB2"/>
          <other otherDesc="Primary Identifier" value="83401BAB2"/>
        </identifiers>
        <balance>5500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5541405.10000000</valUSD>
        <pctVal>0.495769468692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02840000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS Commercial Mortgage Trust Series 2017-C7 Class AS (Mortgage spread to 10-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>UBS Commercial Mortgage Trust Series 2017-C7 Class AS (Mortgage spread to 10-year U.S. Treasury index)</title>
        <cusip>90276WAV9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90276WAV9"/>
          <other otherDesc="Primary Identifier" value="90276WAV9"/>
        </identifiers>
        <balance>2300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2460262.16000000</valUSD>
        <pctVal>0.220110755646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04061000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31407X7F2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31407X7F2"/>
          <other otherDesc="Primary Identifier" value="31407X7F2"/>
        </identifiers>
        <balance>58177.77000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65334.46000000</valUSD>
        <pctVal>0.005845237793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WKVP2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WKVP2"/>
          <other otherDesc="Primary Identifier" value="3131WKVP2"/>
        </identifiers>
        <balance>20800.63000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23706.73000000</valUSD>
        <pctVal>0.002120955375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of the West Auto Trust Series 2017-1 Class D</name>
        <lei>N/A</lei>
        <title>Bank of the West Auto Trust Series 2017-1 Class D</title>
        <cusip>064229AG2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="064229AG2"/>
          <other otherDesc="Primary Identifier" value="064229AG2"/>
        </identifiers>
        <balance>4500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4514052.15000000</valUSD>
        <pctVal>0.403855916625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03210000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WQW94</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WQW94"/>
          <other otherDesc="Primary Identifier" value="3131WQW94"/>
        </identifiers>
        <balance>492293.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>534035.11000000</valUSD>
        <pctVal>0.047778189460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36179NQ43</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36179NQ43"/>
          <other otherDesc="Primary Identifier" value="36179NQ43"/>
        </identifiers>
        <balance>1032716.70000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1086301.67000000</valUSD>
        <pctVal>0.097187480802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31391KH59</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31391KH59"/>
          <other otherDesc="Primary Identifier" value="31391KH59"/>
        </identifiers>
        <balance>78939.97000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90228.79000000</valUSD>
        <pctVal>0.008072443445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. 5-Year Treasury Note</name>
        <lei>N/A</lei>
        <title>U.S. 5-Year Treasury Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="FVH0"/>
          <other otherDesc="Primary Identifier" value="FVH0"/>
        </identifiers>
        <balance>762.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>90380343.75000000</valUSD>
        <pctVal>8.086002411402</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>U.S. 5-Year Treasury Note</issuerName>
                <issueTitle>U.S. 5-Year Treasury Note</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <other otherDesc="Primary Identifier" value="9128283P3"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-31</expDate>
            <notionalAmt>76200000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-341172.17</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Agate Bay Mortgage Loan Trust Series 2015-5 Class B3 (Mortgage spread to 7-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>Agate Bay Mortgage Loan Trust Series 2015-5 Class B3 (Mortgage spread to 7-year U.S. Treasury index)</title>
        <cusip>00842BAV9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="00842BAV9"/>
          <other otherDesc="Primary Identifier" value="00842BAV9"/>
        </identifiers>
        <balance>2844836.60850000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2851242.90000000</valUSD>
        <pctVal>0.255090388112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03609000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3132A1BY9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3132A1BY9"/>
          <other otherDesc="Primary Identifier" value="3132A1BY9"/>
        </identifiers>
        <balance>35209.55000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39572.59000000</valUSD>
        <pctVal>0.003540416476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Air Canada Pass-Through Certificates Series 2015-1 Class C</name>
        <lei>N/A</lei>
        <title>Air Canada Pass-Through Certificates Series 2015-1 Class C</title>
        <cusip>009090AC5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="009090AC5"/>
          <other otherDesc="Primary Identifier" value="009090AC5"/>
        </identifiers>
        <balance>6430000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6452488.28000000</valUSD>
        <pctVal>0.577280785033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31416X6Q8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31416X6Q8"/>
          <other otherDesc="Primary Identifier" value="31416X6Q8"/>
        </identifiers>
        <balance>811950.56000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>870815.49000000</valUSD>
        <pctVal>0.077908711782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131XHBQ8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131XHBQ8"/>
          <other otherDesc="Primary Identifier" value="3131XHBQ8"/>
        </identifiers>
        <balance>175288.20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>186632.27000000</valUSD>
        <pctVal>0.016697314069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invitation Homes Trust Series 2018-SFR4 Class C (1-Month U.S. LIBOR plus 140 bps)</name>
        <lei>N/A</lei>
        <title>Invitation Homes Trust Series 2018-SFR4 Class C (1-Month U.S. LIBOR plus 140 bps)</title>
        <cusip>46187XAE5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46187XAE5"/>
          <other otherDesc="Primary Identifier" value="46187XAE5"/>
        </identifiers>
        <balance>9600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9599982.72000000</valUSD>
        <pctVal>0.858875726762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03137400</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36209RYC1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36209RYC1"/>
          <other otherDesc="Primary Identifier" value="36209RYC1"/>
        </identifiers>
        <balance>229161.19000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244129.17000000</valUSD>
        <pctVal>0.021841353721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 555 bps)</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 555 bps)</title>
        <cusip>3137G0HW2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3137G0HW2"/>
          <other otherDesc="Primary Identifier" value="3137G0HW2"/>
        </identifiers>
        <balance>6400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7058117.76000000</valUSD>
        <pctVal>0.631464263791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.07258000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>British Airways plc</name>
        <lei>N/A</lei>
        <title>British Airways plc</title>
        <cusip>11042BAA0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="11042BAA0"/>
          <other otherDesc="Primary Identifier" value="11042BAA0"/>
        </identifiers>
        <balance>120460.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>121285.76000000</valUSD>
        <pctVal>0.010850998205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Altria Group Inc. (GTD by Philip Morris USA Inc.)</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
        <title>Altria Group Inc. (GTD by Philip Morris USA Inc.)</title>
        <cusip>02209SBF9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="02209SBF9"/>
          <other otherDesc="Primary Identifier" value="02209SBF9"/>
        </identifiers>
        <balance>3730000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4509757.17000000</valUSD>
        <pctVal>0.403471660301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05950000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invitation Homes Trust Series 2018-SFR2 (1-Month U.S. LIBOR plus 128 bps)</name>
        <lei>N/A</lei>
        <title>Invitation Homes Trust Series 2018-SFR2 (1-Month U.S. LIBOR plus 128 bps)</title>
        <cusip>46185HAE2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46185HAE2"/>
          <other otherDesc="Primary Identifier" value="46185HAE2"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3995914.00000000</valUSD>
        <pctVal>0.357499970669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03019700</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZB N.A.</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
        <title>ZB N.A.</title>
        <cusip>98920AAA6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="98920AAA6"/>
          <other otherDesc="Primary Identifier" value="98920AAA6"/>
        </identifiers>
        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1739365.49000000</valUSD>
        <pctVal>0.155614738370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31417AJK6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31417AJK6"/>
          <other otherDesc="Primary Identifier" value="31417AJK6"/>
        </identifiers>
        <balance>2128562.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2264913.05000000</valUSD>
        <pctVal>0.202633577435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>01F032617</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="01F032617"/>
          <other otherDesc="Primary Identifier" value="01F032617"/>
        </identifiers>
        <balance>10225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10512839.17000000</valUSD>
        <pctVal>0.940545691156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Structured Asset Mortgage Investments Inc. Series 1998-2 Class B</name>
        <lei>N/A</lei>
        <title>Structured Asset Mortgage Investments Inc. Series 1998-2 Class B</title>
        <cusip>073914C27</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="073914C27"/>
          <other otherDesc="Primary Identifier" value="073914C27"/>
        </identifiers>
        <balance>3516.24800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>349.77000000</valUSD>
        <pctVal>0.000031292656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00711800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31410KAA2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31410KAA2"/>
          <other otherDesc="Primary Identifier" value="31410KAA2"/>
        </identifiers>
        <balance>26656.07000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29998.13000000</valUSD>
        <pctVal>0.002683824175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bellemeade Re Ltd. Series 2017-1 Class M1 (1-Month U.S. LIBOR plus 150 bps)</name>
        <lei>N/A</lei>
        <title>Bellemeade Re Ltd. Series 2017-1 Class M1 (1-Month U.S. LIBOR plus 150 bps)</title>
        <cusip>078767AA8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="078767AA8"/>
          <other otherDesc="Primary Identifier" value="078767AA8"/>
        </identifiers>
        <balance>1112627.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1115058.92000000</valUSD>
        <pctVal>0.099760287932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03492000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3132A2GG1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3132A2GG1"/>
          <other otherDesc="Primary Identifier" value="3132A2GG1"/>
        </identifiers>
        <balance>122551.38000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>138537.76000000</valUSD>
        <pctVal>0.012394472237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31402CP30</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31402CP30"/>
          <other otherDesc="Primary Identifier" value="31402CP30"/>
        </identifiers>
        <balance>40598.89000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45685.07000000</valUSD>
        <pctVal>0.004087277950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Structured Asset Mortgage Investments Inc. Series 1998-2 Class C</name>
        <lei>N/A</lei>
        <title>Structured Asset Mortgage Investments Inc. Series 1998-2 Class C</title>
        <cusip>073914C35</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="073914C35"/>
          <other otherDesc="Primary Identifier" value="073914C35"/>
        </identifiers>
        <balance>1596.27000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>158.14000000</valUSD>
        <pctVal>0.000014148213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00711800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36176MPF4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36176MPF4"/>
          <other otherDesc="Primary Identifier" value="36176MPF4"/>
        </identifiers>
        <balance>457240.99000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>477158.82000000</valUSD>
        <pctVal>0.042689673540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Discover Bank</name>
        <lei>X05BVSK68TQ7YTOSNR22</lei>
        <title>Discover Bank</title>
        <cusip>25466AAG6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="25466AAG6"/>
          <other otherDesc="Primary Identifier" value="25466AAG6"/>
        </identifiers>
        <balance>1220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1224538.05000000</valUSD>
        <pctVal>0.109554989661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31412XFA7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31412XFA7"/>
          <other otherDesc="Primary Identifier" value="31412XFA7"/>
        </identifiers>
        <balance>32862.32000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37108.18000000</valUSD>
        <pctVal>0.003319934628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31402RJV2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31402RJV2"/>
          <other otherDesc="Primary Identifier" value="31402RJV2"/>
        </identifiers>
        <balance>218129.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>240392.66000000</valUSD>
        <pctVal>0.021507061688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chesapeake Funding II LLC Series 2017-2A Class D</name>
        <lei>5493000HT7H4OFOD6Z12</lei>
        <title>Chesapeake Funding II LLC Series 2017-2A Class D</title>
        <cusip>165183AP9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="165183AP9"/>
          <other otherDesc="Primary Identifier" value="165183AP9"/>
        </identifiers>
        <balance>2050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2076272.60000000</valUSD>
        <pctVal>0.185756598766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03710000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31405JUE2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31405JUE2"/>
          <other otherDesc="Primary Identifier" value="31405JUE2"/>
        </identifiers>
        <balance>145834.23000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>161004.67000000</valUSD>
        <pctVal>0.014404505402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Airways Inc. Pass-Through Certificates Series 2012-2 Class B</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
        <title>U.S. Airways Inc. Pass-Through Certificates Series 2012-2 Class B</title>
        <cusip>90345WAE4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90345WAE4"/>
          <other otherDesc="Primary Identifier" value="90345WAE4"/>
        </identifiers>
        <balance>2886589.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3029751.84000000</valUSD>
        <pctVal>0.271060937231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31390QG90</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31390QG90"/>
          <other otherDesc="Primary Identifier" value="31390QG90"/>
        </identifiers>
        <balance>10918.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12437.69000000</valUSD>
        <pctVal>0.001112755131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>British Airways Pass-Through Trust Ser 2019-1A</name>
        <lei>N/A</lei>
        <title>British Airways Pass-Through Trust Ser 2019-1A</title>
        <cusip>11043XAB9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="11043XAB9"/>
          <other otherDesc="Primary Identifier" value="11043XAB9"/>
        </identifiers>
        <balance>3275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3372067.73000000</valUSD>
        <pctVal>0.301686701608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03350000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WG6B0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WG6B0"/>
          <other otherDesc="Primary Identifier" value="3131WG6B0"/>
        </identifiers>
        <balance>14342.53000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16054.64000000</valUSD>
        <pctVal>0.001436350564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36296TRA3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36296TRA3"/>
          <other otherDesc="Primary Identifier" value="36296TRA3"/>
        </identifiers>
        <balance>118138.24000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>132443.46000000</valUSD>
        <pctVal>0.011849237262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cheniere Energy Partners L.P.</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>Cheniere Energy Partners L.P.</title>
        <cusip>16411QAB7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="16411QAB7"/>
          <other otherDesc="Primary Identifier" value="16411QAB7"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3126270.00000000</valUSD>
        <pctVal>0.279696067859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WNWJ9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WNWJ9"/>
          <other otherDesc="Primary Identifier" value="3131WNWJ9"/>
        </identifiers>
        <balance>462156.94000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>510191.83000000</valUSD>
        <pctVal>0.045645017450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31402CQJ4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31402CQJ4"/>
          <other otherDesc="Primary Identifier" value="31402CQJ4"/>
        </identifiers>
        <balance>23721.48000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27208.06000000</valUSD>
        <pctVal>0.002434206705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 445 bps)</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 445 bps)</title>
        <cusip>30711XDK7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="30711XDK7"/>
          <other otherDesc="Primary Identifier" value="30711XDK7"/>
        </identifiers>
        <balance>6083389.45000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6425148.79000000</valUSD>
        <pctVal>0.574834819762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.06242000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Block Financial LLC (GTD by H&amp;R Block Inc.)</name>
        <lei>N/A</lei>
        <title>Block Financial LLC (GTD by H&amp;R Block Inc.)</title>
        <cusip>093662AF1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="093662AF1"/>
          <other otherDesc="Primary Identifier" value="093662AF1"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5063453.40000000</valUSD>
        <pctVal>0.453008859046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04125000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31404PQN4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31404PQN4"/>
          <other otherDesc="Primary Identifier" value="31404PQN4"/>
        </identifiers>
        <balance>1448.64000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1628.18000000</valUSD>
        <pctVal>0.000145667374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31389UHE2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31389UHE2"/>
          <other otherDesc="Primary Identifier" value="31389UHE2"/>
        </identifiers>
        <balance>61940.08000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73137.76000000</valUSD>
        <pctVal>0.006543370817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Credit Co. LLC</name>
        <lei>UDSQCVRUX5BONN0VY111</lei>
        <title>Ford Motor Credit Co. LLC</title>
        <cusip>345397XF5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="345397XF5"/>
          <other otherDesc="Primary Identifier" value="345397XF5"/>
        </identifiers>
        <balance>2138000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2138657.56000000</valUSD>
        <pctVal>0.191337955464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02459000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVS Caremark Corp. Pass-Through Trust</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Caremark Corp. Pass-Through Trust</title>
        <cusip>126650BQ2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="126650BQ2"/>
          <other otherDesc="Primary Identifier" value="126650BQ2"/>
        </identifiers>
        <balance>3340236.95000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3909376.32000000</valUSD>
        <pctVal>0.349757757483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06943000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36201XAC2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36201XAC2"/>
          <other otherDesc="Primary Identifier" value="36201XAC2"/>
        </identifiers>
        <balance>55130.51000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61799.34000000</valUSD>
        <pctVal>0.005528963395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. 10-Year Ultra Treasury Note</name>
        <lei>N/A</lei>
        <title>U.S. 10-Year Ultra Treasury Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="UXYH0"/>
          <other otherDesc="Primary Identifier" value="UXYH0"/>
        </identifiers>
        <balance>323.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-45447109.38000000</valUSD>
        <pctVal>-4.06598847482</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>U.S. 10-Year Ultra Treasury Note</issuerName>
                <issueTitle>U.S. 10-Year Ultra Treasury Note</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <other otherDesc="Primary Identifier" value="9128283F5"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>32300000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>561886.92</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31416BRY6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31416BRY6"/>
          <other otherDesc="Primary Identifier" value="31416BRY6"/>
        </identifiers>
        <balance>28197.42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31077.64000000</valUSD>
        <pctVal>0.002780404029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co. (3-Month U.S. LIBOR plus 332 bps)</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co. (3-Month U.S. LIBOR plus 332 bps)</title>
        <cusip>48127FAA1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="48127FAA1"/>
          <other otherDesc="Primary Identifier" value="48127FAA1"/>
        </identifiers>
        <balance>6975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7027312.50000000</valUSD>
        <pctVal>0.628708228615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2168-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05418600</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pub Util Dist No. 1 Douglas Cnty WA Wells Hydroelec Bonds Ser 2010A</name>
        <lei>N/A</lei>
        <title>Pub Util Dist No. 1 Douglas Cnty WA Wells Hydroelec Bonds Ser 2010A</title>
        <cusip>259561PJ1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="259561PJ1"/>
          <other otherDesc="Primary Identifier" value="259561PJ1"/>
        </identifiers>
        <balance>1205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1547738.15000000</valUSD>
        <pctVal>0.138470533457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05450000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31388KT77</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31388KT77"/>
          <other otherDesc="Primary Identifier" value="31388KT77"/>
        </identifiers>
        <balance>58236.60000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66213.58000000</valUSD>
        <pctVal>0.005923889480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31374TYV5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31374TYV5"/>
          <other otherDesc="Primary Identifier" value="31374TYV5"/>
        </identifiers>
        <balance>21371.38000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23704.82000000</valUSD>
        <pctVal>0.002120784495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citizens Bank N.A. (3-Month U.S. LIBOR plus 95 bps)</name>
        <lei>DRMSV1Q0EKMEXLAU1P80</lei>
        <title>Citizens Bank N.A. (3-Month U.S. LIBOR plus 95 bps)</title>
        <cusip>17401QAR2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="17401QAR2"/>
          <other otherDesc="Primary Identifier" value="17401QAR2"/>
        </identifiers>
        <balance>10400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10521125.99000000</valUSD>
        <pctVal>0.941287082965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-29</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02910500</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3620ARSK8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3620ARSK8"/>
          <other otherDesc="Primary Identifier" value="3620ARSK8"/>
        </identifiers>
        <balance>356448.51000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>384263.87000000</valUSD>
        <pctVal>0.034378698404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WGLS6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WGLS6"/>
          <other otherDesc="Primary Identifier" value="3131WGLS6"/>
        </identifiers>
        <balance>18257.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20115.45000000</valUSD>
        <pctVal>0.001799656545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Multifamily Connecticut Avenue Securities Trust Series 2019-01 Class M10 (1-Month U.S. LIBOR plus 325 bps)</name>
        <lei>N/A</lei>
        <title>Multifamily Connecticut Avenue Securities Trust Series 2019-01 Class M10 (1-Month U.S. LIBOR plus 325 bps)</title>
        <cusip>62547NAB5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="62547NAB5"/>
          <other otherDesc="Primary Identifier" value="62547NAB5"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1041892.50000000</valUSD>
        <pctVal>0.093214353009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05042000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vistra Operations Co. LLC</name>
        <lei>549300ZH5GKBTJZ7NM23</lei>
        <title>Vistra Operations Co. LLC</title>
        <cusip>92840VAD4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="92840VAD4"/>
          <other otherDesc="Primary Identifier" value="92840VAD4"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2530391.28000000</valUSD>
        <pctVal>0.226384954326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03550000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Bank of America Merrill Lynch Trust Series 2016-C32 Class A-4</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Bank of America Merrill Lynch Trust Series 2016-C32 Class A-4</title>
        <cusip>61691GAS9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="61691GAS9"/>
          <other otherDesc="Primary Identifier" value="61691GAS9"/>
        </identifiers>
        <balance>320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>342936.83000000</valUSD>
        <pctVal>0.030681317632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03720000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31417DW33</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31417DW33"/>
          <other otherDesc="Primary Identifier" value="31417DW33"/>
        </identifiers>
        <balance>580644.47000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>586957.21000000</valUSD>
        <pctVal>0.052512938306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vornado DP LLC Trust Commercial Mortgage Pass-Through Certificates Series 2010-VNO Class C</name>
        <lei>N/A</lei>
        <title>Vornado DP LLC Trust Commercial Mortgage Pass-Through Certificates Series 2010-VNO Class C</title>
        <cusip>92903PAJ8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="92903PAJ8"/>
          <other otherDesc="Primary Identifier" value="92903PAJ8"/>
        </identifiers>
        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1207222.92000000</valUSD>
        <pctVal>0.108005867616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05280300</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31418AJ33</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31418AJ33"/>
          <other otherDesc="Primary Identifier" value="31418AJ33"/>
        </identifiers>
        <balance>194339.11000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199067.76000000</valUSD>
        <pctVal>0.017809872374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 515 bps)</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 515 bps)</title>
        <cusip>3137G0KE8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3137G0KE8"/>
          <other otherDesc="Primary Identifier" value="3137G0KE8"/>
        </identifiers>
        <balance>3110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3398977.78000000</valUSD>
        <pctVal>0.304094246437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.06858000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138YXPV1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138YXPV1"/>
          <other otherDesc="Primary Identifier" value="3138YXPV1"/>
        </identifiers>
        <balance>1065182.94000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1121458.98000000</valUSD>
        <pctVal>0.100332878149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Air Canada Enhanced Equipment Trust Series 2015-2 Class AA</name>
        <lei>N/A</lei>
        <title>Air Canada Enhanced Equipment Trust Series 2015-2 Class AA</title>
        <cusip>00908PAB3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="00908PAB3"/>
          <other otherDesc="Primary Identifier" value="00908PAB3"/>
        </identifiers>
        <balance>5145342.31000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5207621.02000000</valUSD>
        <pctVal>0.465907014492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03550000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo Commercial Mortgage Trust Series 2016-BNK1 Class AS</name>
        <lei>549300DNBJ7A0SEFVK31</lei>
        <title>Wells Fargo Commercial Mortgage Trust Series 2016-BNK1 Class AS</title>
        <cusip>95000GBA1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="95000GBA1"/>
          <other otherDesc="Primary Identifier" value="95000GBA1"/>
        </identifiers>
        <balance>4600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4572978.22000000</valUSD>
        <pctVal>0.409127818948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02814000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>McKesson Corp.</name>
        <lei>549300WZWOM80UCFSF54</lei>
        <title>McKesson Corp.</title>
        <cusip>581557BM6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="581557BM6"/>
          <other otherDesc="Primary Identifier" value="581557BM6"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2534796.45000000</valUSD>
        <pctVal>0.226779068951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03650000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36183QXM2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36183QXM2"/>
          <other otherDesc="Primary Identifier" value="36183QXM2"/>
        </identifiers>
        <balance>2299011.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2366443.69000000</valUSD>
        <pctVal>0.211717156517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131XLP50</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131XLP50"/>
          <other otherDesc="Primary Identifier" value="3131XLP50"/>
        </identifiers>
        <balance>1255643.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1298103.06000000</valUSD>
        <pctVal>0.116136584990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>Eversource Energy</title>
        <cusip>30040WAG3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="30040WAG3"/>
          <other otherDesc="Primary Identifier" value="30040WAG3"/>
        </identifiers>
        <balance>3550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3736541.28000000</valUSD>
        <pctVal>0.334294831672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>General Motors Financial Co. Inc. (GTD by AmeriCredit Financial Services Inc.)</name>
        <lei>5493008B6JBRUJ90QL97</lei>
        <title>General Motors Financial Co. Inc. (GTD by AmeriCredit Financial Services Inc.)</title>
        <cusip>37045XCP9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="37045XCP9"/>
          <other otherDesc="Primary Identifier" value="37045XCP9"/>
        </identifiers>
        <balance>5825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6038141.00000000</valUSD>
        <pctVal>0.540210632761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Mortgage Trust Series 2004-A3 Class 4-A-2 (Mortgage spread to 10-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>JPMorgan Mortgage Trust Series 2004-A3 Class 4-A-2 (Mortgage spread to 10-year U.S. Treasury index)</title>
        <cusip>466247DT7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="466247DT7"/>
          <other otherDesc="Primary Identifier" value="466247DT7"/>
        </identifiers>
        <balance>16981.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17271.57000000</valUSD>
        <pctVal>0.001545224889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04908700</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>31329KK86</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31329KK86"/>
          <other otherDesc="Primary Identifier" value="31329KK86"/>
        </identifiers>
        <balance>24668.37000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26507.53000000</valUSD>
        <pctVal>0.002371532820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828YU8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912828YU8"/>
          <other otherDesc="Primary Identifier" value="912828YU8"/>
        </identifiers>
        <balance>14818000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14612650.82000000</valUSD>
        <pctVal>1.307341008730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828VF4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912828VF4"/>
          <other otherDesc="Primary Identifier" value="912828VF4"/>
        </identifiers>
        <balance>18220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18198648.35000000</valUSD>
        <pctVal>1.628167235670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01375000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138A2GV5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138A2GV5"/>
          <other otherDesc="Primary Identifier" value="3138A2GV5"/>
        </identifiers>
        <balance>614864.97000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>659239.53000000</valUSD>
        <pctVal>0.058979776001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SF6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912810SF6"/>
          <other otherDesc="Primary Identifier" value="912810SF6"/>
        </identifiers>
        <balance>14191000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15990963.17000000</valUSD>
        <pctVal>1.430653628746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31408JC90</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31408JC90"/>
          <other otherDesc="Primary Identifier" value="31408JC90"/>
        </identifiers>
        <balance>24198.57000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26864.82000000</valUSD>
        <pctVal>0.002403498263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138YSZ25</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138YSZ25"/>
          <other otherDesc="Primary Identifier" value="3138YSZ25"/>
        </identifiers>
        <balance>1546732.39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1613943.22000000</valUSD>
        <pctVal>0.144393661578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Airlines Class B Pass-Through Certificates Series 2016-3</name>
        <lei>N/A</lei>
        <title>American Airlines Class B Pass-Through Certificates Series 2016-3</title>
        <cusip>023771S41</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="023771S41"/>
          <other otherDesc="Primary Identifier" value="023771S41"/>
        </identifiers>
        <balance>4289043.82000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4334783.04000000</valUSD>
        <pctVal>0.387817357846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31388WZE9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31388WZE9"/>
          <other otherDesc="Primary Identifier" value="31388WZE9"/>
        </identifiers>
        <balance>5562.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6421.96000000</valUSD>
        <pctVal>0.000574549530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SoFi Professional Loan Program LLC Series 2015-A Class A-2</name>
        <lei>N/A</lei>
        <title>SoFi Professional Loan Program LLC Series 2015-A Class A-2</title>
        <cusip>83401LAB0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="83401LAB0"/>
          <other otherDesc="Primary Identifier" value="83401LAB0"/>
        </identifiers>
        <balance>318909.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>318859.76000000</valUSD>
        <pctVal>0.028527229276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02420000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31417AVT3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31417AVT3"/>
          <other otherDesc="Primary Identifier" value="31417AVT3"/>
        </identifiers>
        <balance>576381.42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>609530.18000000</valUSD>
        <pctVal>0.054532460276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>3131WGHH5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3131WGHH5"/>
          <other otherDesc="Primary Identifier" value="3131WGHH5"/>
        </identifiers>
        <balance>78838.39000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85652.45000000</valUSD>
        <pctVal>0.007663014860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31404NNS1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31404NNS1"/>
          <other otherDesc="Primary Identifier" value="31404NNS1"/>
        </identifiers>
        <balance>38139.41000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42836.65000000</valUSD>
        <pctVal>0.003832440117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Entergy Mississippi Inc.</name>
        <lei>FKUZOUT82DOBGXFS6K20</lei>
        <title>Entergy Mississippi Inc.</title>
        <cusip>29364NAU2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="29364NAU2"/>
          <other otherDesc="Primary Identifier" value="29364NAU2"/>
        </identifiers>
        <balance>2750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2867147.25000000</valUSD>
        <pctVal>0.256513292773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniform Mortgage Back Security</name>
        <lei>N/A</lei>
        <title>Uniform Mortgage Back Security</title>
        <cusip>31329KQR8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31329KQR8"/>
          <other otherDesc="Primary Identifier" value="31329KQR8"/>
        </identifiers>
        <balance>802155.52000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>838561.86000000</valUSD>
        <pctVal>0.075023096181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138EML66</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138EML66"/>
          <other otherDesc="Primary Identifier" value="3138EML66"/>
        </identifiers>
        <balance>690550.69000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>727459.14000000</valUSD>
        <pctVal>0.065083137728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSX Corp.</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
        <title>CSX Corp.</title>
        <cusip>126408HK2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="126408HK2"/>
          <other otherDesc="Primary Identifier" value="126408HK2"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1586452.56000000</valUSD>
        <pctVal>0.141934171673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hawaiian Airlines Inc. Pass-Through Certificates Series 2013-1 Class B</name>
        <lei>N/A</lei>
        <title>Hawaiian Airlines Inc. Pass-Through Certificates Series 2013-1 Class B</title>
        <cusip>419839AA3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="419839AA3"/>
          <other otherDesc="Primary Identifier" value="419839AA3"/>
        </identifiers>
        <balance>4332524.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4411692.74000000</valUSD>
        <pctVal>0.394698190490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04950000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31409UFA8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31409UFA8"/>
          <other otherDesc="Primary Identifier" value="31409UFA8"/>
        </identifiers>
        <balance>27521.86000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29925.68000000</valUSD>
        <pctVal>0.002677342335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (Mortgage spread to 7-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (Mortgage spread to 7-year U.S. Treasury index)</title>
        <cusip>35563PCE7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="35563PCE7"/>
          <other otherDesc="Primary Identifier" value="35563PCE7"/>
        </identifiers>
        <balance>5830000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5923005.99000000</valUSD>
        <pctVal>0.529909919908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 95 bps)</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corp. Agency REMIC/CMO (1-Month U.S. LIBOR plus 95 bps)</title>
        <cusip>3137G0NY1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3137G0NY1"/>
          <other otherDesc="Primary Identifier" value="3137G0NY1"/>
        </identifiers>
        <balance>5700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5504832.00000000</valUSD>
        <pctVal>0.492497405735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02658000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase Comm Mortgage Securities Corp. Comm Mortgage Pass-Through Certs Series 2016-JP4 Class A-4 (10-Year U.S. Treasury index plus 110 bps)</name>
        <lei>N/A</lei>
        <title>JPMorgan Chase Comm Mortgage Securities Corp. Comm Mortgage Pass-Through Certs Series 2016-JP4 Class A-4 (10-Year U.S. Treasury index plus 110 bps)</title>
        <cusip>46645UAT4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="46645UAT4"/>
          <other otherDesc="Primary Identifier" value="46645UAT4"/>
        </identifiers>
        <balance>575000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>613579.57000000</valUSD>
        <pctVal>0.054894744551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03648300</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3620A9YS4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3620A9YS4"/>
          <other otherDesc="Primary Identifier" value="3620A9YS4"/>
        </identifiers>
        <balance>88889.69000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99096.57000000</valUSD>
        <pctVal>0.008865811643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Capital America</name>
        <lei>549300RIPPWJB5Z0FK07</lei>
        <title>Hyundai Capital America</title>
        <cusip>44891ABC0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="44891ABC0"/>
          <other otherDesc="Primary Identifier" value="44891ABC0"/>
        </identifiers>
        <balance>4500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4547808.95000000</valUSD>
        <pctVal>0.406876015409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02850000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31407B3J6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31407B3J6"/>
          <other otherDesc="Primary Identifier" value="31407B3J6"/>
        </identifiers>
        <balance>36329.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40006.85000000</valUSD>
        <pctVal>0.003579268147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Progress Residential Trust Series 2017-SFR1 Class D</name>
        <lei>N/A</lei>
        <title>Progress Residential Trust Series 2017-SFR1 Class D</title>
        <cusip>74333JAK7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="74333JAK7"/>
          <other otherDesc="Primary Identifier" value="74333JAK7"/>
        </identifiers>
        <balance>2750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2765822.68000000</valUSD>
        <pctVal>0.247448150029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03565000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>9128285G1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="9128285G1"/>
          <other otherDesc="Primary Identifier" value="9128285G1"/>
        </identifiers>
        <balance>1080000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1090704.07000000</valUSD>
        <pctVal>0.097581347605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02875000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>A.P. Moller - Maersk A/S</name>
        <lei>549300D2K6PKKKXVNN73</lei>
        <title>A.P. Moller - Maersk A/S</title>
        <cusip>00203QAE7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="00203QAE7"/>
          <other otherDesc="Primary Identifier" value="00203QAE7"/>
        </identifiers>
        <balance>2175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2316548.30000000</valUSD>
        <pctVal>0.207253196466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36200NYN5</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36200NYN5"/>
          <other otherDesc="Primary Identifier" value="36200NYN5"/>
        </identifiers>
        <balance>61941.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67530.31000000</valUSD>
        <pctVal>0.006041692550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31390AA91</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31390AA91"/>
          <other otherDesc="Primary Identifier" value="31390AA91"/>
        </identifiers>
        <balance>6384.78000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7088.27000000</valUSD>
        <pctVal>0.000634161875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Ultra Long Bond</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Ultra Long Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="WNH0"/>
          <other otherDesc="Primary Identifier" value="WNH0"/>
        </identifiers>
        <balance>68.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-12352625.00000000</valUSD>
        <pctVal>-1.10514467408</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>U.S. Treasury Ultra Long Bond</issuerName>
                <issueTitle>U.S. Treasury Ultra Long Bond</issueTitle>
                <identifiers>
                  <cusip value="N/A"/>
                  <other otherDesc="Primary Identifier" value="912810RD2"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>6800000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>411007.98</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Bonds</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
        <cusip>912810SH2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912810SH2"/>
          <other otherDesc="Primary Identifier" value="912810SH2"/>
        </identifiers>
        <balance>10350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11395201.48000000</valUSD>
        <pctVal>1.019487455154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02875000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31416B2Z0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31416B2Z0"/>
          <other otherDesc="Primary Identifier" value="31416B2Z0"/>
        </identifiers>
        <balance>222331.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>245039.20000000</valUSD>
        <pctVal>0.021922770813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bear Stearns Mortgage Securities Inc. Series 1996-6 Class B2</name>
        <lei>N/A</lei>
        <title>Bear Stearns Mortgage Securities Inc. Series 1996-6 Class B2</title>
        <cusip>073914TS2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="073914TS2"/>
          <other otherDesc="Primary Identifier" value="073914TS2"/>
        </identifiers>
        <balance>50095.08000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31008.18000000</valUSD>
        <pctVal>0.002774189694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.08000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mississippi Power Co. (3-Month U.S. LIBOR plus 65 bps)</name>
        <lei>LNZ0J6YZ5SC6ILIRU850</lei>
        <title>Mississippi Power Co. (3-Month U.S. LIBOR plus 65 bps)</title>
        <cusip>605417CA0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="605417CA0"/>
          <other otherDesc="Primary Identifier" value="605417CA0"/>
        </identifiers>
        <balance>1924000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1924718.92000000</valUSD>
        <pctVal>0.172197639250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02596600</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Institutional U.S. Government Money Market Fund - Premier Class</name>
        <lei>N/A</lei>
        <title>State Street Institutional U.S. Government Money Market Fund - Premier Class</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="857492706"/>
          <other otherDesc="Primary Identifier" value="857492706"/>
        </identifiers>
        <balance>29928690.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29928690.65000000</valUSD>
        <pctVal>2.677611687729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Agate Bay Mortgage Loan Trust 2015-6 Class B1 (Mortgage spread to 10-year U.S. Treasury index)</name>
        <lei>549300LRONE82VI44B39</lei>
        <title>Agate Bay Mortgage Loan Trust 2015-6 Class B1 (Mortgage spread to 10-year U.S. Treasury index)</title>
        <cusip>00842DAS2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="00842DAS2"/>
          <other otherDesc="Primary Identifier" value="00842DAS2"/>
        </identifiers>
        <balance>6307590.77000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6451745.71000000</valUSD>
        <pctVal>0.577214349982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03604800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31406RBX2</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31406RBX2"/>
          <other otherDesc="Primary Identifier" value="31406RBX2"/>
        </identifiers>
        <balance>40599.18000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45576.44000000</valUSD>
        <pctVal>0.004077559217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Continental Airlines Inc. Pass-Through Certificates Series 2012-1 Class B</name>
        <lei>N/A</lei>
        <title>Continental Airlines Inc. Pass-Through Certificates Series 2012-1 Class B</title>
        <cusip>210795QA1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="210795QA1"/>
          <other otherDesc="Primary Identifier" value="210795QA1"/>
        </identifiers>
        <balance>868372.51000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>875407.02000000</valUSD>
        <pctVal>0.078319499362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138EGGZ1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138EGGZ1"/>
          <other otherDesc="Primary Identifier" value="3138EGGZ1"/>
        </identifiers>
        <balance>199628.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>216196.54000000</valUSD>
        <pctVal>0.019342322359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31407FGQ7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31407FGQ7"/>
          <other otherDesc="Primary Identifier" value="31407FGQ7"/>
        </identifiers>
        <balance>5747.57000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6133.97000000</valUSD>
        <pctVal>0.000548784106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31390RE82</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31390RE82"/>
          <other otherDesc="Primary Identifier" value="31390RE82"/>
        </identifiers>
        <balance>4338.42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4832.69000000</valUSD>
        <pctVal>0.000432363292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>3138M8J46</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="3138M8J46"/>
          <other otherDesc="Primary Identifier" value="3138M8J46"/>
        </identifiers>
        <balance>1386151.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1427365.51000000</valUSD>
        <pctVal>0.127701228795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 550 bps)</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association Agency REMIC/CMO (1-Month U.S. LIBOR plus 550 bps)</title>
        <cusip>30711XGQ1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="30711XGQ1"/>
          <other otherDesc="Primary Identifier" value="30711XGQ1"/>
        </identifiers>
        <balance>2650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3095868.60000000</valUSD>
        <pctVal>0.276976164576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.07292000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U.S. Treasury Notes</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828V31</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="912828V31"/>
          <other otherDesc="Primary Identifier" value="912828V31"/>
        </identifiers>
        <balance>2100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2099788.30000000</valUSD>
        <pctVal>0.187860463379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01375000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVS Health Corp. (3-Month U.S. LIBOR plus 63 bps)</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp. (3-Month U.S. LIBOR plus 63 bps)</title>
        <cusip>126650DB3</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="126650DB3"/>
          <other otherDesc="Primary Identifier" value="126650DB3"/>
        </identifiers>
        <balance>2110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2111673.10000000</valUSD>
        <pctVal>0.188923753442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02515000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NBCUniversal Media LLC</name>
        <lei>VTBDOQJ6KOGQ6K786R46</lei>
        <title>NBCUniversal Media LLC</title>
        <cusip>63946BAE0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="63946BAE0"/>
          <other otherDesc="Primary Identifier" value="63946BAE0"/>
        </identifiers>
        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7733694.60000000</valUSD>
        <pctVal>0.691905679819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04375000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prudential Home Mortgage Securities Series 1994E Class 5B (Mortgage spread to 2-year U.S. Treasury index)</name>
        <lei>N/A</lei>
        <title>Prudential Home Mortgage Securities Series 1994E Class 5B (Mortgage spread to 2-year U.S. Treasury index)</title>
        <cusip>74434UJC9</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="74434UJC9"/>
          <other otherDesc="Primary Identifier" value="74434UJC9"/>
        </identifiers>
        <balance>380.43000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>359.01000000</valUSD>
        <pctVal>0.000032119326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.07666800</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31406NMZ4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31406NMZ4"/>
          <other otherDesc="Primary Identifier" value="31406NMZ4"/>
        </identifiers>
        <balance>96087.47000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107924.33000000</valUSD>
        <pctVal>0.009655599397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Government National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>36296FU68</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="36296FU68"/>
          <other otherDesc="Primary Identifier" value="36296FU68"/>
        </identifiers>
        <balance>83811.71000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94105.05000000</valUSD>
        <pctVal>0.008419238405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association Fixed Rate Pass-Through Certificates</title>
        <cusip>31404TET6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="31404TET6"/>
          <other otherDesc="Primary Identifier" value="31404TET6"/>
        </identifiers>
        <balance>7745.91000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8524.90000000</valUSD>
        <pctVal>0.000762691964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>IVY FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Joseph W. Kauten</ncom:signature>
      <ncom:signerName>Joseph W. Kauten</ncom:signerName>
      <ncom:title>Treasurer, Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
